A post from Iconfactory lays out what they think after the twitter API update plans. Generally sounds positive, and echoes what Paul Haddad from Tapbots had to say.
For the past several months, we’ve been working on a major update to Twitterrific that we’re very excited about. There were concerns that this new version might end up on the cutting room floor prior to Twitter’s announcement, but after reviewing the new restrictions and speaking with the team at Twitter, we’re pleased to report that our development plans remain unchanged.
However I get a strange irking feeling that perhaps these changes to twitter are phase 1, and in the future there will be more changes that are detrimental to the future of the platform’s third party developers.