IoT seems like the next big thing to have if you own your own home. If you rent, or plan to sell your home, de-installing or releasing all the appliances you can't take with you seems like a big pain. Across-the-internet owner validation is a whole new security challenge. But once IoT is essentially commoditized, it will be everywhere.
I agree Max. That's why you and I need to form a company to make the next big widget. How about a high tech doorbell or an electronic welcome mat. That should be worth a couple billion, don't you think?
FYI: Business Insider reports: "In this case, hackers broke into more than 100,000 everyday consumer gadgets, such as home-networking routers, connected multi-media centers, televisions, and at least one refrigerator, Proofpoint says. They then used those objects to send more than 750,000 malicious emails to enterprises and individuals worldwide."
Over-paying for something is just a sign of how much you value it. Google clearly sees Nest Labs as an opportunity to enter a completely new space. They want to open it up forceably and create an enduring legacy for themselves. This is an area that has gone fairly untouched to this point. I don't think that over-paying in this case is unreasonable--unless you by definition say that over-paying is paying an unreasonable amount.
Replay available now: A handful of emerging network technologies are competing to be the preferred wide-area connection for the Internet of Things. All claim lower costs and power use than cellular but none have wide deployment yet. Listen in as proponents of leading contenders make their case to be the metro or national IoT network of the future. Rick Merritt, EE Times Silicon Valley Bureau Chief, moderators this discussion. Join in and ask his guests questions.