Yes, there are more things than RSS that needed to be sorted out, but RSS is a solid and necessary first step.
This screams all talk and no action to me.
And I bet in 2yrs they'll come out with some fancy new home grown protocol that they expect the rest of the web to use.
The report was the stated goal as communicated by the one person who actually works for Twitter, to be submitted to Twitter for evaluation. The rest of the process is a black box.
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