Apple employee explains Lightning on Panic's blog

Here's the full comment. I didn't understand much but I highlighted what seems to be important.

Airplay is not involved in the operation of this adapter.

It is true that the kernel the adapter SoC boots is based off of XNU, but that’s where the similarities between iOS and the adapter firmware end. The firmware environment doesn’t even run launchd. There’s no shell in the image, there’s no utilities (analogous to what we used to call the “BSD Subsystem” in Mac OS X). It boots straight into a daemon designed to accept incoming data from the host device, decode that data stream, and output it through the A/V connectors. There’s a set of kernel modules that handle the low level data transfer and HDMI output, but that’s about it. I wish I could offer more details then this but I’m posting as AC for a damned good reason.

The reason why this adapter exists is because Lightning is simply not capable of streaming a “raw” HDMI signal across the cable. Lightning is a serial bus. There is no clever wire multiplexing involved. Contrary to the opinions presented in this thread, we didn’t do this to screw the customer. We did this to specifically shift the complexity of the “adapter” bit into the adapter itself, leaving the host hardware free of any concerns in regards to what was hanging off the other end of the Lightning cable. If you wanted to produce a Lightning adapter that offered something like a GPIB port (don’t laugh, I know some guys doing exactly this) on the other end, then the only support you need to implement on the iDevice is in software- not hardware. The GPIB adapter contains all the relevant Lightning -> GPIB circuitry.

It’s vastly the same thing with the HDMI adapter. Lightning doesn’t have anything to do with HDMI at all. Again, it’s just a high speed serial interface. Airplay uses a bunch of hardware h264 encoding technology that we’ve already got access to, so what happens here is that we use the same hardware to encode an output stream on the fly and fire it down the Lightning cable straight into the ARM SoC the guys at Panic discovered. Airplay itself (the network protocol) is NOT involved in this process. The encoded data is transferred as packetized data across the Lightning bus, where it is decoded by the ARM SoC and pushed out over HDMI.

This system essentially allows us to output to any device on the planet, irregardless of the endpoint bus (HDMI, DisplayPort, and any future inventions) by simply producing the relevant adapter that plugs into the Lightning port. Since the iOS device doesn’t care about the hardware hanging off the other end, you don’t need a new iPad or iPhone when a new A/V connector hits the market.

Certain people are aware that the quality could be better and others are working on it. For the time being, the quality was deemed to be suitably acceptable. Given the dynamic nature of the system (and the fact that the firmware is stored in RAM rather then ROM), updates **will** be made available as a part of future iOS updates. When this will happen I can’t say for anonymous reasons, but these concerns haven’t gone unnoticed.

As far as I am concerned, I believe him and trust Apple. Their previous connector lasted 10 years and I think Lightning is also very future proof.