Details on Bug Labs are starting to emerge (see posts by investors Brad Feld and Fred Wilson).

I’m excited about this and think tremendous potential will be unlocked as data and content are increasingly mixable with device functionality. I’ve alluded to this before in terms of user utility, but I’m not just thinking about fun gadgets and 30-boxes-enabled dog bowls. Think devices that will change the world for the handicapped, for example.

Wireless rabbits and squeezy widget viewers are only the beginning; the internet of things is coming. True open-platform potential ups the ante in a very interesting way. Good luck guys!

I haven’t yet posted about the new Wesabe API, but I’m very excited about it.

Aside from enabling 3rd-party developers to build apps that can help users manage their financial data and get on top of their financial lives (think of a SaaS version of Quicken mashed with all manner of GTD apps), there’s a major shift going on here. Banks and credit agencies are no longer the (only) owners of all the data about us - now we own it too, and have the right to pool it with other users’ data to do interesting things with aggregated data from the community.

MyBlogLog flipped a similar switch by giving users benefits from analytics that have historically been publisher only - now you can’t see my history, and I can’t see yours, but when we’re in the same place, we can see each other’s tracks if we both expose them; I can see what other people are doing at my favorite websites, etc.

Wesabe’s API enables similar opportunities for patrons of the same merchant to connect, and for patterns to be extracted in a way that creates value for all sides. I look forward to seeing what comes of it.