The Internet of Things in practice

I came across a post in the "smarter planet blog" entitled "The Internet of Things start to bear fruits" by Paul Brody,  it claims that the "Internet of Things" vision is beginning to be in reality, and that the major enabling factor is the availability of low cost scalable connectivity.  The data transfer cost is below $1 for GB.  

It surveys some initiatives like: Raspberry Pi, Sensordone, and the Nokia initiative to become the "where company".

Event processing is one of the ingredients of the Internet of Things, and on this space,  Brody mentions IFTTT (If this than that).  Note that I have written recently about ON{X} which is of similar flavor to IFTTT.