The iPad hardware codecs is limited to two channels and is troublesome at best. Most using it have had to switch to the software version to bypass the problems. Nice job Fruit, it's not their favorite thing to do, comply with standards. You need a solid software codecs like Fraunhofer IIS to make this work. Even sending the file to the DL via loss-less compression is quite feasible data rate wise. I doubt that you'll stress the Blackfin ARM which would be doing most of the heavy lifting.