I know we're supposed to be talking about the 001 and not TDM, but I wanted to add one more point about why TDM does not suck. It's not even about the converters (which pros have used with satisfaction), the clock (which in some interfaces wasn't so great, but Aardsync fixes that), or whatever.
TDM is high quality because of the effects processing (even additional tracks when you really get up there in number) are done on separate cards -- separate processors! We've seen discussions around here of how summing can make mixes suck because of introduced math errors in processing. I don't think TDM users have to worry about that. They can daisy-chain 13-slot chassis together for days and get all the dedicated processing they want ... and reserve each Mix card for whatever they want.
I'm sure the 192 rig is sweet.