Smart Object support for Blur Gallery and Liquify.

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Finally, Gates unveiled a research initiative called SPOT, for smart personal object technology.

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We had heard this rumor on the internets a little while ago, and now it looks like Swatch is really going to come out with a SPOT watch (SPOT, of course, being Microsoft's Smart Personal Object Technology that uses FM radio signals to send data to watches, like news, stocks, instant messages, etc.).

ENGADGET: Swatch Paparazzi SPOT

There is a mad race today to equip our credit cards and our cell phones to act as credit devices, allowing us to merely wave our credit or debit card or smart phone at a vending machine to have it deduct the price of the object from our bank account or add it to our credit card account.

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The smart bag, called Build Your Own Bag (bYOB), is just one object that can be constructed using computerized fabric patches designed by a team of engineers at the Massachusetts Institute of Technology Media Lab.

CNN: The bag that watches your wallet