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I think you're referring to a CocaCola Freestyle, which was made with technology from Dean Kamen [1].

I'm actually like the Freestyle as you can get a Diet Coke with just a little bit of cherry in it (which is delicious).

1 - http://www.businessweek.com/innovate/content/oct2009/id20091...

My cofounder made most of the button badges for the UI at his last job (as well as doing some of the product testing). He kept telling me he was working on awesome at coke, but he couldn't tell me what it was until they publicly announced it..

That would probably be a Coke Freestyle machine. http://en.wikipedia.org/wiki/Coca-Cola_Freestyle

Come make a better one then :p

Word I hear in the foodservice industry is that Pepsi is dying for a Freestyle-like device. Coke cornered the important pieces of the technology and shut everyone else out.

Think of a way to get Pepsi, Dr Pepper, and 7-11 back in the game and you'll do a lot better than $10K.