Yes, the Soundgate adapter is out there. They are currently up to version 4 of the adapter. Even when they work, you are limited to an 8 character display, as opposed to a 16 character display XM broadcasts. There are other quirks as well... Ask Navigator!
Another problem is that the Pioneer XM modules that the Soundgate requires are rumored to be soon discontinued (other manufacturers, such as Sony, have already discontinued their XM tuners). Why? Because XM Direct will be releasing tuners for aftermarket radios as well as for OEM factory radios!
Anyway, I can wait a couple of months to see if the official product works better.
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