While the device is very cute, I think that the cloud service has much more potential than that: Feedair is a notification platform that provides access to other services, like Facebook, and it allows developers to plug into a host of services without having to do all the grunt work of connecting with various APIs. In fact, it’s so simple for developers that the Feedair team doesn’t even call it an SDK (software development kit). Feedair is also location aware, thanks to a proprietary (and patented) technology, which means that retail services can use Feedair to locate and display service messages to their customers (it’s all opt-in of course).
This is very promising, but the notification market is always a tough one to crack, just ask Microsoft about its SPOT notification service. The Feedair team is undoubtedly aware of this and they are trying to make something that goes beyond a “gadget”, and turning notifications into a real added value for businesses (including payment services) is a great way to go. Now, Feedair needs to reach a critical mass of users to get out of the chicken and egg paradigm. The Feedair hardware could be as cheap as $50 (even without volume production). Now the service needs to have compelling use cases to entice the first wave of users.