http://twit.tv/show/security-now/435
He says the FIDO spec is overdesigned, and everyone there has their own interests, it's tied to certain technologies, and it's not free. SQRL on the other hand generates the keys on the fly instead of storing them on the phone for each website. If a hacker steals your identity, you can also get it back with SQRL - you can't with FIDO. He says SQRL is also much easier to implement.
https://www.grc.com/sqrl/sqrl.htm
http://www.sqrl.pl/ (fan-made)
Also, an interesting excerpt from Wikipedia, referring to when he announced the protocol for the first time:
> Within 2 days of the airing of this podcast, both the W3C and Google expressed interest in working on the standard.[2]