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A different take on the iPad dock + speaker system paradigm that features fast charging and high-quality, multi-driver jAura audio. How is the iLuv solution different from the iHome iA100 were featured here last month? Come inside for the scoop on this $150 iPad docking solution.

The iHome iA100 iPad Dock + Clock Radio generated a lot of buzz last month, but it’s not the only act in town as iLuv introduces a lower cost competitor with a reduced feature set.

The iLuv iMM747 Hi-Fidelity Speaker Dock for iPad isn’t a clock radio and doesn’t come with its own iPad app, like the iHome. A more focussed product, the iMM747 features a USB docking cable for Mac or PC, high-fidelity audio and “ultra-fast” idevice charging.

• Desktop or bedside speaker dock for your iPad/iPhone/iPod
• Watch YouTube videos, movies, run apps, and play games while docked
• Plays and charges your iPad/iPhone/iPod
• Built with dynamic acoustic speaker chambers to enhance sound clarity
• Powerful amplifiers provide better efficiency and performance
• Auxiliary line input for any audio devices with 3.5mm jack
• Flexible dock connector for better support, easier docking and more secure fit
• Sync while docked with your computer

“The iMM747 is the perfect complement for your iPad not only because of its ideal compatibility, but because its design is a natural extension of the simple clean design of your iPad,” said Howard Kim, senior marketing manager, iLuv. “jAura sound technology will fill any room in the house with superb audio and ultra-fast charging capabilities to ensure a fully juiced battery when your iPad is removed.”

Although the iMM747 doesn’t offer the alarm and clock radio features of the iHome iA100, these functions are available via apps, many of free. Also, as noted, the iMM747′s speakers feature separate drivers for high, mid and bass.

The iLuv iMM747 is expected to ship in “early October” for $150.

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