I was excited to discover that Ning has finally gone live.
It's a playground for building and hosting social applications, and Ning users are provided access to PHP 5 in order to create their apps.
I think the idea behind Ning is great and hopefully won't we only see a new breed of cool composite apps, but its success would most probably also expose PHP to new communities.
As Ning allows applications to "mutate" by giving users to copy and change other's applications, it will be interesting to see, a few months down the road, what kind of applications emerge.