Seriously - this is rather interesting. Looks like proof of the whole "there are no new ideas, only execution" maxim.
"Is being copied (i mean blatantly ripped off) the sincerest form of flattery?" http://twitter.com/zemote/status/3715106709
If you're willing now to take this back, then I think that we can happily coexist as healthy competitors.
I wish both Eduset.com and Edmodo.com the best of luck with their ventures - let the execution begin.