I would be glad to pay 5-10€ more for a faster MCU with more flash directly from Zoyi, even more, if they would put a big-ish (with at least 64kpoints/channel memory) FPGA between the ADC and MCU
As far as I know, Zotek is reading this thread and your dreams can become reality some day, but most likely they will abandon 703 and make 704 because it's easier for them to make a new model rather than fix bugs in old models. But this approach is not perfect because new 704 will surely have new bugs and the current story with good hardware and bad firmware will take place again. You will have to make reverse engineering from the beginning for the new hardware
I think a great way of 703 development would be if you could cooperate with Zotek and become their consultant to fix existing bugs and make the best out of current 703 hardware using the official firmware, but they don't seem to have much interest in firmware development and bugs fixing, so it just goes as it goes.
I can understand why they encrypted the firmware, because Fnirsi 2C53T/2C23T is their direct competitor that has a lot of firmware bugs too, so it makes some sense to protect some good ideas from being stolen by the competitors. But that would be OK if the firmware was perfect and everyone would want to steal it, but now I'm not sure if Zoyi should steal the code from Fnirsi or Fnirsi should steal the code from Zoyi
When I decided which one to buy, I choose Zoyi just because it had less firmware bugs at that moment, but now I'm not sure if it was the correct choice
At the other hand, Fnirsi has the same horrible update approach, they make a new model every year and abandon previous models, leaving their users with lots of unfixed bugs that will never be fixed. This is why I will never buy Fnirsi hardware.
Sure, the ZT703 won't get any hardware upgrades from Zoyi, a new hardware would mean a new model number, and that is absolutely correct. The hardware of the 703 is pretty good for the price, they have just limited themself with the 128k of flash, but at least they are using a genuine ST MCU. I am not fixing their bugs, because without seeing their code, I think the scope part of the stock firmware is fundamentally broken and unfixable with 128k of flash. I would be more then happy to cooperate with them to make my dream scopemeter

I think they should make a cheap scopemeter as a competition to Fnirsi, and also make a more expensive, but capable one. Seeing the hardware of the 703, they are more, then capable of designing good hardware for a good price, so why not make a "professional" scopemeter?
I also have no problem with them encrypting their software. It's their software, so they should protect it, as good as they can. I had very bad experience with Fnirsi, Zoyi is at least trying to fix some of the bugs, Fnirsi abandonded all the stuff I bought from them in 6-12 months. I am not buying anything from Fnirsi anymore. If Fnirsi is the direct competition for Zoyi, then IMO Zoyi has already won

I also bought a scopemeter from Owon, which of course works, but the hardware is also much more capable (and costs a lot more), so no surprises there.
I really would like to make the 703 as capable as the hardware allows, becuse the overall design is nice, the MCU is good enough for the task and also why not

Here goes my wishlist for the 703 version 2:
- high resolution display (3.5", 640x480), no touch
- at least 400MHz MCU, with minimum 1MB of flash
- a big-ish FPGA, with lots of RAM (say Gowin GW2AR-18 <-- could do 32MPoints/channel

)
- original ADC from Analog or TI