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Laconi.ca has had this feature since they launched; so friend feed has not done anything new....they only added/copied an existing feature of a competitor; something the seem to do well.
Friend Feed is not Open Source and therefore in my view is not "Open"....in this case they are "Open" in a myspace or facebook style...They want your actions and your content to raise their valuation in in return they will give you nothing; not even the source code to the application that you have given value. To me Friend Feed as nothing more than web 2.0 Share cropping system.
We are going to take on Friend Feed as well as Twitter. Our Application is Open Source and we also give part of our revenue back the community....
The site is here http://www.adelph.us
The blog is here http://adelph.us/alpha/the-blog/