I tend to agree with your perspective. The Fine Groups needed some digital expertise for the group and got it from Wadia. As far as I see the days of the great Wadia CD players ended. The dimension slice of market that the current Wadia could aim at is not enough for such groups. I think that sooner than we expect Audio Research will be including digital expertise from Wadia in their units.
The new owners, Fine Sounds, wants to cash in on the Wadia name, but completely change their customer base. So in essence, it is no longer Wadia, but a consortium of several high end players ( Audio Research/Sonus Faber/Sumiko).
The one thing to keep in mind here is that Wadia's DigiMaster algorithm includes a filter which directly addresses pre and post-impulse ringing. This technique is patented and therefore out of the reach of other manufacturers. I'd wager that this patent is worth more than the brand or any of the other assets held by Wadia at the time of acquisition.