Audreio is a brand new, easy to use app allowing users to stream uncompressed audio over wifi between iDevices. With a nice, clean interface, a latency control slider, and a dead simple approach, the app does what it does quite well.
Audreio can stream either an Inter App Audio source, or the mic input between devices, and then route the incoming audio to an IAA host. In the video I mention that there is no Audiobus support, however the app description does claim capability via AB's support for IAA. I'm not quite sure what that's supposed to mean, but it doesn't show up in any slot within Audiobus, and Audiobus doesn't show up within Audreio.
Get Audreio here:
https://itunes.apple.com/us/app/audre...
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If you would like to learn more about making music on your iPad or iPhone and would like to know about all the gear you can use with them please check out the following sites.
http://www.thesoundtestroom.com
http://forum.audiob.us
http://discchord.com
http://www.ptc-crew.com/jakobhaq/
http://audre.io/apps/
http://www.fgcomposer.co.uk/
http://www.musicappblog.com
http://apptronica.us
http://synthpatcher.com
http://www.palmsounds.net
http://www.synthtopia.com