"I know the whole "is it really a Theremin?" subject is fraught with authority issues, and I could end up eating my words, but this strikes me as a pitch only Theremin with a gimmicky volume thing tacked on." - Dewster
The core Silicon Chip / EPE / Jaycar theremin design hasn't had a substantial change to its oscillators in years - There have been various "remarkable" improvements and "new revolutionary additions" to it which have come and gone, be these adding a completely useless series antenna inductor to the pitch VFO (which wasn't changed to alter its behavior and exploit any benefit other than increased antenna voltage). or a "Midi" theremin which was based (if I remember correctly) on the same front end.
So I suspect its the basic S/C front end with "gimmicky volume thing tacked on".
But whatever it is, it most likely aint worth thinking about !
The core S/C kit is quite a nice cheap starting point for entry into the world of theremin construction - Throw away the box and speaker, modify it a bit, put it in a correctly sized box, change the antennas, and one has a simple theremin the average constructor can put together.. Use the power amp as a waveshape distorter (As Enkelaar did) and some thereminists have even declared it the closest to the RCA sound they have heard! ;-)
But until they better the core (and the EPE-2008 did at least better the VCA) all these other gimmicks are just a waste of everyones time. The designer really should look at Thierry's post here on how the parallel tank with series resonator works, and look at why volume and pitch sensors need to be further apart - because he really doesn't understand enough about theremins to be publishing construction articles on them! - The only usable versions of his designs are those which have been modified by people who do know what they are doing!
Fred.