The Teac CR-H700 reference series is not an Airplay speaker, but rather a network CD DAB Receiver with support for AirPlay streaming, allowing you to connect any set of speakers that you like to use with the system, similar to the Denon CEOL and Marantz M-CR603.
Teac CR-H700 is a micro sized unit that offers plenty of listening options, including DAB digital radio, CD player that supports CD-R/RW discs, FM radio, Internet radio, and of course AirPlay streaming and DLNA support. In addition you can connect your iOS device or other portable media player through the USB connection.
With 40W x 40W max power output the system should be perfect for home use, and an alternative for those that already own a good set of speakers and are not looking for a compact all-in-one speaker system. With a price point in the UK at around £550 though you might want to consider getting an Airplay enabled AV receiver instead as there are alternatives for around the same price, giving you even more power. Both the Denon and Marantz alternative is also more affordable priced.
You can find more details on the Teac CR-H700 on their website.