More importantly, does it have an API I can use to record my own brainwaves and stick my own machine learning algorithms in there? This thing could revolutionize collecting EEG data from voluntary subjects and subsequently bring up a bunch of interesting non-gaming applications.

I've heard some people asking about the possibilities the NIA brings to people who have difficulty using mice or keyboards. The NIA does not replicate full mouse or keyboard functionality, but something that my classmates cooked up for a final project does: http://instruct1.cit.cornell.edu/courses/ee476/FinalProjects/s2008/xh33_jdm55_ww239/xh33_jdm55_ww239/index.html [cornell.edu] It's a mouse + keyboard that you wear on your head. It tracks eye movement and winks, allowing a user to direct a mouse pointer around the screen, click, and right-click. It also allows the user to switch into keyboard mode and (slowly) enter text. It connects via a pair of PS/2 connectors. It lacks the thought-activated rapid response of the NIA, but the fact that it worked at all really impressed me. For their demonstration (no video, sorry), one of the makers used it to open wordpad and type a short message. Very cool. Note: this is a simple copy + paste of a reply I made to new article.