A couple weeks ago there were a number of reports that Yahoo! was planning to join Google’s OpenSocial application platform. Well not only has Yahoo! thrown their support behind the platform, they are also, along with Google and MySpace, forming a new non-profit organization called the OpenSocial Foundation. It is modeled after the OpenID Foundation.

This is really good news across the board. Very good news. The press release of this announcement with more details is here.