Yes, a 192k playback sampling rate is a joke and maybe even superstitious. There's not much of a reason for anything to play back at over 96k and many argue 41k is sufficient for mixed/mastered material. Point granted.
However good engineering is most definitely not a joke. Using higher quality DAC's (digital-to-analog converters) and better designed circuitry, spending the extra few pennies and dollars here and there to get the parts with lower tolerances, designing the shape of the product around the circuits instead of cramming circuits into the shape of the product, these are the exact things I would expect to see in a better music player.