How the heck did they get a 2-sylable 6-character dictionary word .com domain for this?!

Not open source (at least, not yet, for the server-side).

The client side is on Github, but has absolutely no tests. Literally, the stub files for the tests are there, but that's it.

Node.JS dev community really needs to get religion with testing.

But lastly, it's also somewhat centralized. While you can run a Ripple daemon locally, the actual currency's distribution is centralized. Which I think is... not smart.

Thanks for the link. What I couldn't find out while reading the site: Since it is a decentralized network, who runs the nodes, what's the incentive for doing so? I suppose running a node will give you their ripple currency, but this information seems to be not visible on their site. Apart from that, it looks like a really interesting project.