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Yahoo! has just opened a new services - Pipes.

It allows everyone to process, remix and publish RSS content and implements a number of paradigms and design patterns:

• mashups
• pipelines a.k.a. pipes and filters design pattern
• a simple drag & drop GUI for building pipelines

This service allows people to combine a number of data sources (e.g., from existing RSS feeds) customised by user input and process them through a number of operators or filters. Resulting data are published as RSS feeds called Pipes. Users can share pipes, browse other's pipes and clone them into new pipes thus providing a nice introduction into "playing" with a web of RSS data.

Read more:
- Introduction to Pipes by Tim O'Reilly
- "Yahoo! Pipes: The Modules For Building Pipes" by Brady Forrest for more technical information

Followup:
- "Semantic Pipes and RSS" (coming soon)

If you want to try Yahoo! Pipes yourself you may have to wait a day or two though:
It is online now