Not only about streaming high-resolution audio over your home network, it can also wirelessly transmit Full HD 1080p video to your TV.
It seems the player is limited to 24-bit/96kHz audio, which it can receive from a NAS over wi-fi, a hard drive via USB or through a DAC.
The SD-WH1000 works with WiSA-compliant wireless speakers or can be used with the Sharp VR-WR100U wireless bridge to connect to any audio set-up.
Control comes in the form of the Sharp Mobile app, which is available for Android or iOS.
It will play "virtually everything in your media library" - physical or digital - with support for files including AIFF, ALAC, DSD, FLAC and WAV, as well as SACD and Blu-ray discs.
In addition to wireless audio, the SD-WH1000 can "wirelessly transmit uncompressed Full HD 1080p video to your TV".
There's no news on a UK release or pricing as yet, but it looks likely to cost $5000 upon its release in the US.