Actually, the press release claims only "about 100 to 500" albums for 128 GiB model: http://www.computeraudiophile.com/f8-general-forum/neil-youn...
http://neilyoungnews.thrasherswheat.org/2014/03/press-releas...
It appears they made a mistake in the press release originally and have now corrected it.
It used to say 1000 albums, they meant to write 1000 songs.
I have 96 FLAC albums on my Mac, and they take up 42GiB.
I wonder what then "high resolution" is supposed to mean.