Magento is preparing to introduce till end of February 2011 a new turnkey online service a solution which comes to help small and emerging businesses to build a powerful store, to sell your products and services online, quickly and easily. With Magento Go there will be no software to install and configure and no servers to manage.

Some possible facts regarding the new Magento Go Platform:

• New REST API’s are coming with Magento Go that give developers much deeper control of Magento
• The new API’s will be very extensive . When pressed we were told: “We are going to be be very good at covering everything”
• Eventually this sort of API functionality will migrate to CE, PE & EE but that will not be in 1.5 nor 1.10
• Developers will extend Magento by writing Go Apps which make use of these new API’s
• Your App will be written mostly in Javascript and included as a div on the page (no slow iframes)
• Apps will be able to make RESTful calls out to other cloud based services
• The foundational code that runs your App is made out of plain Javascript (No Prototype powering it, nor jQuery)
• The entire App platform is based on Widgets that already exist in CE, PE & EE
• With the new RESTful API, the power of Widgets increases so dramatically that a leading number of existing extensions can now just be Widgets
• Eventually we will have connectors that enable apps to be language agnostic of Javascript. (There was little details as to how this would be achieved)
• Before that you will have to sell your Magento Go apps on your own and there will be some sort of authentication system for commercial extensions
• The Magento App Store may probably come at the same time as Magento CE, PE & EE support for Apps also

You can read more on the official blog post.