There are already APIs built on top of you. There are the ones you know about, like Facebook and Twitter. There are the ones we know exist but have no direct access to, such as Amazon's backend or your police record. And there are the ones we may never know about, such as the NSA bot scanning this post right now and correlating it to my recent overseas cell phone calls.
I'm intrigued by the concept of aggregating this data. Imagine if the wealth of data collected about you all went to one place, and, most importantly, was controlled by you. Imagine if Company X had to pay you to know about your Amazon spending habits instead of paying Amazon. Imagine if scientists could perform long-term health studies in an instant because the data they need is already collected and just needs to be crunched.
I think the concept that's missing from your blog post is the idea of discoverability.