I'm still anti Ripple . never got convinced with its trust based system.
Ripple will go open source once it is in place.
It is not a currency. XRP is only an anti-spam method.
God knows who gave it intrinsic value. It was never supposed to be that way as per Ryan Fuggers design.
Well, they have been funded now. Which means that they will eat away at some publicity for as long as it can last.
Ripple is aiming to be nothing more than Mt Gox, in a slightly more distributed manner.
I assume that once they go open source and people start setting up Ripple servers across the world, thats when we will actually see how effective it is.