I think you may be right. Zooming in on the picture reveals this:
Notice the word
RECORD on the left-hand knob. Also, the left-most preset is labeled
PHONO./F.M. ?EC. It's looking more and more like that 2nd arm is a cutter.
Dayum, I can't wait for this thing to arrive!
Also, any ideas on what wood the cabinet is made from?
Dave