The application area of such a device is active loudspeakers/system with Ekio, Acourate etc., e.g.
Multi-Channel, Multi-Amplifier Audio System Using Software Crossover and Multichannel-DAC
The remaining applications are so small in number that they are neither significant nor decisive.
The costs would also be only marginally lower for a 4-channel device. The DM7 had an 8-channel DAC chip, which Topping was able to draw on previous developments and those of the manufacturer. Reducing it to 4 channels would reduce the retail price by a maximum of €100 (or less), as only 4 op amps, 4 TRS jacks, and a handful of SMD components would be eliminated, i.e., components with a maximum retail price of €25-30.
The really expensive part of your desired device are the 8 DSP areas, where the components are also expensive, but above all the entire GUI, logic, and programming. This is many times more complex than the DX5 II, and we can see how significant the problems are with this relatively simple device.
The specifications alone for making such a device usable would be a mammoth task, not to mention all the other aspects.
Nothing is impossible, and Topping is doing really good work with the hardware, but given the current situation with the DX5 II, you have to be realistic about a project like this.
Perhaps Topping will manage to assign a filter to each output with the DX5 II, or a future version, and switch the output and filter together. Then you'll be able to get a lot of progress with 2-4 DX5 IIs.
Using the DSP solution with FIR filters mentioned above, you could also build your own customized solution, which is also scalable at any time, but that would, of course, involve a certain amount of effort.