When Neil Young revealed Pono on the Letterman show, he mainly talked about how the high-fidelity music service would work. Now that Young and his team have announced an early 2014 target launch, it's looking more likely that Pono might actually happen. In a statement posted on Facebook, the team says it will launch both its online music store for high-quality audio and its player -- an updated version of the one shown on Letterman -- at the same time. Young claims the service can replicate the quality of music played in a studio, but we'll have to wait until next year to find out if it can actually deliver. Sadly, Team Pono isn't sharing other details, but we'll keep an eye out for future updates.

[Image credit: CBS]