iHome, by comparison, has never released a $300 iPod or iPhone sound system before, and we had frankly been very concerned that the company might be out of its depth. It has done extremely well with sub-$150 clock radios, but struggled with both the look and sound of its few more expensive products, which never seemed to catch on. iP1—also known as iHome Studio Series and formerly called iHome One—is very clearly a complete break with…