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It had to happen sooner or later. We’ve had Technorati. We’ve had TechMeme. Now we have Tweetmeme, which will track what’s hot on micro-blogging platform Twitter. The business of tracking the online conversation just a got shot in the arm with the tech equivalent of crack cocaine.

Who really owns your address book? Many Internet companies - like Google (GOOG, Fortune 500) and Yahoo (YHOO, Fortune 500) - say unequivocally that you do. If you sign up for free e-mail accounts on their services, you're free to take your friends with you and export your contact lists to any service that you like.

But Microsoft (MSFT, Fortune 500), while publicly embracing the idea of openness, has been saying something different behind the scenes. Since last summer, lawyers representing the company have been sending cease-and-desist letters to startups that offer new users the ability to import their Microsoft Hotmail contacts. In a move that Valley guys are deriding as ham-handed, Microsoft is offering a quid pro quo: Third-party sites can access Hotmail contacts if they make Microsoft's instant-messaging client available to their users - for 25 cents per user per year. Then the company says it will waive the fee if the sites make Messenger the exclusive in-network messaging client. Such a deal.

There is a better way, of course - though it remains to be seen whether it will work. A group of companies, aligned under the banner of the DataPortability Workgroup, is trying to craft standards that would make it easy for the data we collect online to move as freely and securely from one website to another as we do. As long as two sites abide by the DataPortability rules, they can effortlessly send anything back and forth between them - data, photos, address books. "It's safe, secure, painless," says Chris Saad, the Aussie who co-founded and chairs the DPW. Hundreds of individuals and several leading companies - including Yahoo, Facebook, Google, and even Microsoft - have signed on to the workgroup, and Saad says he's optimistic that we'll see a system in place later this year.

Anyone who has been involved in Open Source software development knows that you have to have a steering group, and there has to be some hierarchy. You can't get a ship moving in any direction with 50 oars in the water each rowing in their own direction. I understand that in order to have buy-in from so many different groups, no one wants to alienate anyone, but the reference made at the meeting (and I'm sorry I forgot who made it) to OpenID was a valid one. They developed the technology, then took it out to various companies and asked for buy-in. In order to "strike while the iron is hot," the luxury of having 100 people all defining things differently and addressing different concerns before there is even a rudimentary roadmap makes the scope of the project much larger than it has to be, and slows down progress.