Wolfgang Palm has posted a screenshot of the new PPG Wavegenerator!
This is quite unique from the NWave screenshot we've seen. Though by this screenshot it seems I was incorrect in assuming Waldorf was involved in this project, as their name does not appear anywhere.
Update: I've been in touch with Russ Hughes at Sociatech, who is handling PR for Wolfgang. He confirms that Waldorf is not involved with this project. He sent over a press release which included a very interesting detail!
The PPG Wavegenerator offers iPad users the chance to have the same great sounds and synthesis potential with new creative options, only made possible with the iPad, for example the user can make his own waves and wavetables, previously this was only possible with the WaveTerm in the 80s. Now the user can create them simply by drawing them.
Oh. Hell. Yes!
One of the advantages to wavetable synths is the ability to travel through the tables for new tones. This is similar to the way Animoog will give you a different sound based on where the cursor is located, when dragging your finger left or right along a timbre. Here is a demo of "Walking Through The Wavetables" in a PPG Wave 2.2, built in 1982.