A slight tangent, perhaps, but I’ve been playing with a long have version of this using an iPhone FM transmitter and an old Walkman with a built-in radio. I play the loop through the iPhone and then re-record it into my computer via the Walkman radio. I’ve played with different methods of doing it, including send the output of the Walkman radio into a dictaphone before sending it into the computer and it works well. Obviously you can send it back out from the dictaphone though the iPhone/transmitter as many times as you like and it offers interesting effects. Using unreliable tapes in the dictaphone is an interesting idea too - I need to try that.
On a side note, I just recently got Reaktor and it’s great to see @Ithacus & @trickyflemming discussing ensembles in this context. Is there a dedicated Reaktor thread that I’ve somehow missed?
(Side note 2: Hainbach’s latest (3rd, I believe) disintegration loops video is available to watch now and is incredible)