New phantom reactor available on october 10 for €990

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That is correct. I guess there is a millisecond or two of delay through Experts too, whether analogue or digital but that is so little one can't hear it. Most of the delay in Phantoms is probably buffering as Devialet does not seem to use much DSP for other things than cross overs and ADH/SAM.  I have never seen official numbers on any of this from Devialet.

I did ask Devialet about the latency through the Expert series (well, actually, through the D-Premier) when I was first considering buying one and was concerned about multi-room synchronisation with other equipment.  As I recall, the latency they quoted at the time was somewhere in the 5-10 ms range -- but don't quote me on that; in any case it may have changed significantly since then with all the firmware updates.