Tangential idea, but I've wondered if it would be possible to make synthesizers a lot cheaper by only having a couple rotary encoders. You could have hundreds of parameters on the panel, but each parameter would just be a neopixel LED and button. You could link the rotary encoder with a parameter by pressing it and the parameters' button at the same time. Certainly not as nice as a dedicated knob for each, but you'd also get an interface that is ~$40 instead of ~$600...
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