Kwedit, the innovative and suddenly controversial payments platform for virtual goods, is releasing some early data.

The service lets users promise to pay later in lieu of a direct credit card payment when they want virtual currency for social games like Farmville. It’s not a legally binding promise, but users have an incentive to pay amounts owed because that allows them to get more virtual currency through the service. Users can pay by, among other methods, mailing in cash or paying at a 7-11.

When the product first launched they had no idea what percentage of promises would be repaid. Anything at all is incremental revenue to game publishers, and since the stuff they’re selling has no marginal cost (virtual currency), it’s all upside. But after nearly two months of being live, they say the repayment rate is 25.9% If you’re a credit company that would put you out of business.

We’ve talked a lot this week about the so-called “Location War” brewing at the SXSW festival in Austin, Texas starting tomorrow. That war will happen, but actually, there are likely to be a lot of winners because a few of the location-based services should be able to leverage the exposure to gain usage after the conference. Those with real bloodlust should probably be watching another war: AT&T versus everyone in Austin on their network.

AT&T’s struggles to stay up last year are well-documented. CNN recently ran a piece about how AT&T hopes to avoid a similar fate this year. But actually, “struggles” is way too kind of a word. If you were at SXSW last year and happened to be on AT&T’s network — like, say, if you had an iPhone, like many festival-goers did — it was an absolute nightmare. You couldn’t make a call. You couldn’t send a text. Data? Ha. At a few points early on I seriously wondered if I had forgotten to pay my bill and AT&T had simply shut my phone off — except that it was happening to everyone.

AT&T has a funny word for the failure, they like to say “unprecedented.” As in, the usage of its network was at level previously unseen as a strong percentage of the over 10,000 festival goers (just the interactive part) were using iPhones. Well guess what? Word is that is year, there will be some 15,000 people there for the interactive part. As Samual L. Jackson’s character, Mr. Arnold, says in Jurassic Park, “Hold on to your butts.”

Zimbalam, the digital music distributor from Believe Digital, launches in the US today.

The service lets artists submit and distribute their music through 25 of the most popular music platforms, including Apple’s iTunes and Spotify, in addition to “several hundred additional stores worldwide”. This makes Zimbalam the largest music distribution network as measured by number of stores and geographic reach, says the Paris-based company.

To distribute their music via Zimbalam’s network, artists are charged a simple annual fee ($29.99 in year one then $19.98 per year after for an EP or album) and then once the fee is recouped, get to keep 100% of royalties – after, of course, whatever commission is taken by each store. Additionally, following year one, artists won’t be charged by Zimbalam if they don’t make enough sales to cover the annual fee.

The official Foursquare account just sent out a tweet letting everyone know that today is already the service’s biggest day ever. This is interesting since it’s actually the day before the SXSW conference kicks off in Austin, Texas.

According to the tweet, Foursquare broke 275,000 check-ins (the previous record, set last Friday) for the day “hours ago.” This means they’re very likely well past 300,000 now and perhaps even higher. To put that in some perspective, just a month ago, Foursquare set a record with 1.2 million check-ins for the entire week. And that was double was it was the month prior. At today’s rate, Foursquare would be doing well over 2 million check-ins a week.

There are no shortage of location-based services launching this week at SXSW in Austin, Texas. Many of them allow you to “check-in” places to let others know you are there. So how do you differentiate between then and decide which to use? Well, here’s one good way.

CauseWorld, is a free iPhone and Android app that lets you check-in places, but it has an added real-world bonus: big brands give money to charity when you do so. And this week at SXSW, CauseWorld is teaming up with TechCrunch to offer double point (which they aptly call “karma”) when you check in to one of over 50 venues around Austin (I’ll paste the full list at the bottom of the post), including the Austin Convention Center (where SXSW is held).

Back in November of last year, the location-based social event service Hot Potato launched at our Realtime CrunchUp. Today, they’ve taken what was a solid service, and made it a lot better with a number of upgrades.

First and foremost, there is a new iPhone application that just went live in the App Store. With a completely revamped user interface, the app makes it easier than ever to find and participate in events. Perhaps more importantly, it makes it really easy to create new events — and notably, the service has the nicest third-party Foursquare integration I’ve ever seen. When you click on the button to create an event, you can still manually enter a location, but if you happen to be around the venue, you can simply pick it from Foursquare’s list of venues with the click of a button. This drastically simplifies the event creation process since the venue metadata is already there.

It’s getting tough to keep up with all of the location-related developments leading up to this year’s SXSW, and they just keep coming. Tonight, on the eve of the event, Plancast has just had its iPhone application approved. The service, which we’ve previously described as a ‘Foursquare for the future’, allows you to tell your friends where you’re planning to be as opposed to where you currently are (in other words, it lets you and your friends plan ahead). You can grab the new iPhone app here.

The application itself looks solid, and includes the core functionality you’ll find on the Plancast website. The main view allows you to scroll through a list of your friends’ upcoming events, and tapping on an event will show you where it is on a map and who else is going. At SXSW, where there are always many panels and parties going on, this can come in handy — sometimes it’s more practical to plan ahead than it is to walk across town when you notice a few of your friends are checking in somewhere.

This morning Google announced a new Blue Dot feature on the mobile version of Google Product Search that shows whether a product is in-stock at nearby stores. This seems to pose a threat to startup Milo, which highlights local inventory in product search results both on the web and mobile devices. Milo’s co-founder Ted Dziuba subsequently responded to our post with a Tweet that read “Google Product Search has availability for 5 retailers vs. Milo’s 49. Super cool web service, bro.” At launch Google only has partnerships with Best Buy, Sears, Williams-Sonoma, Pottery Barn, and West Elm. Milo’s list of merchants includes a range of retailers, from BestBuy and Nordstrom to Midwestern regional department store Blain’s Farm and Fleet.

When we asked for an additional response, Milo sent this amazing set of pictures below. Milo’s Palo Alto office’s are located at 165 University Avenue, in the same space as Google’s first office back in 1999. Look closely at the picture and you may even see a few of the famous faces from Google’s original team. The building itself is legendary in Silicon Valley and has also housed PayPal. Here’s a 2007 New York Times article detailing the building’s history and apparent lucky karma. The picture of the Google employees was given to Milo by one of its investors.

Apple has set the standard that once every year they will release a new version of the iPhone. It stands to reason that this year will be no different, with a new model likely coming sometime this summer. But arguably just as important as Apple’s hardware refresh is the accompanying software refresh that comes with it as well. And that’s why it shouldn’t be surprising at all that whispers of iPhone OS 4.0 are starting to grow. But this year, the timeline appears a bit off.

As AppleInsider reported today, iPhone OS 4.0 is likely to deliver multitasking support. If true, that will make it perhaps the most important OS upgrade for the platform yet. However, in reporting the news, AppleInsider also notes that the software, “remains under development and reportedly has a quite ‘way to go’ before it’s ready for prime time.” Looking back at the iPhone OS SDK history you’ll notice a constant: Apple has released the beta builds in March the past two years. We’re already well into March this year, and so far, no word about Apple being close to doing the same.

As I’ve made abundantly clear over the past several days, just about every service that has anything to do with location is launching something at the SXSW festival which starts tomorrow in Austin, Texas. Don’t believe me, here’s a small sampling (Foursquare, Gowalla, Loopt, Whrrl, Plancast, Brizzly, Twitter). So, how are you going to wrap your head around all this location data? SimpleGeo has an awesome way.

Vicarious.ly is a real-time location-based stream of information presented in a nice visual way. While the plan is to eventually launch one for many different cities around the U.S. and eventually the world, the first one is based around Austin, for SXSW. To make it, SimpleGeo partnered with BlockChalk, Brightkite, Bump Technologies, Flickr, Fwix, Foursquare, Gowalla, and Twitter to pull all of their location data and place it both in a constantly-updating stream, and put data points on a Google Map at the top of the page. These data points are represented by the logos of the various companies, so it’s easy to follow visually.

Last November, MSNBC acquired the Twitter account @breakingnews, which was started as a basic newswire by Michael van Poppel and gradually grew to 1.4 million followers (it’s now up to over 1.6 million). A month later, MSNBC announced that it had acquired BreakingNews.com, which has become a web portal for the online newswire. And today, it’s managed to complete the trifecta: MSNBC has just launched a Facebook Page at Facebook.com/BreakingNews.

MSNBC spokesperson Gina Stikes says that the new Facebook account will only send updates for the biggest stories to break (you can still use its other feeds if you want to receive every story to come from the service). The page is obviously still quite new (it only has 645 fans right now), but you can expect that the grow quickly.

Aol launched Lifestream, a social aggregator and publisher, as part of their AIM platform at TechCrunch50 Last Fall. Since then it has gained nearly 2 million users, say Aol. Based on that success Aol is now launching Lifestream as a standalone product at lifestream.aol.com.

Like Friendfeed, Lifestream aggregates a number of third party social networks – Facebook, Twitter, MySpace, Foursquare, Delicious, Digg, Flickr, YouTube, etc., so if you follow a Lifestream user you’ll see all of the content that user publishes on those networks, and Lifestream automatically pulls in content from people you already follow on those various social networks, so you don’t have to create yet another new friend list. Lifestream isn’t yet integrated with Google Buzz, but Aol says it may be coming soon.

Users can filter out content from specific networks if they like, on a per user or broad basis. A way to think about this – “noise cancellation for social networks.”

Google just launched a new feature on the mobile version of Google Product Search which could take local shopping search startup Milo out at the knees. Whenever you do a Google product search from a mobile phone, blue dots will appear next to items which are in-stock at nearby stores. The image at right is from a search I just did for “HDTVs.”  The blue dots are subtle, but they certainly distinguish those results. Google has partnerships with Best Buy, Sears, Williams-Sonoma, Pottery Barn, and West Elm to show local inventory, and it is inviting other merchants to apply to participate as well.

Highlighting local inventory in product search results is exactly what Milo does, although it works on the Web as well as mobile. Milo will have to try to keep one step ahead of Google now that its business has been targeted as a feature of Google Product search.

In January, private company stock marketplace SecondMarket published data on private company stock sales that they helped complete in 2009. And February’s report showed the transactions that took place in January, which showed a strong demand for consumer products and services startups. The majority of transactions in January were sales of Facebook stock. SecondMarket just released its February report, which you can download here.

Transactions more tripled in February, from $13 million in sales to $43.8 million in sales last month. A full 48% of the transactions were sales of Facebook stock, compared to 38% in January. And last month, we reported that sales are being completed for as high as $40 per share (or a $17.6 billion valuation). But we learned this week that Facebook CEO Mark Zuckerberg is in no rush to take the company public. LinkedIn took 18% of the transactions, and sales of both Twitter and Zynga stock were each 15% of the total. LifeLock rounded the group out with 4% of the total.

We were somewhat sad when Barnes & Noble sent their PR firm to accept their award for the Nook for Best Gadget of 2009 at the Crunchies in January. Traditionally only Apple blows off the awards, and we’ve always been able to work around that.

But apparently Barnes & Noble are at least aware that they won the award. They are using it to promote the Nook on in-store posters, we learned recently. We sent TechCruncher Laura Boychenko over to the local Barnes & Noble last night with strict instructions to rip one of the posters off the wall and run like hell back to the office with it.

She failed in her task, but did take a few pictures and a video and promised to ask Barnes & Noble for one of the posters for our office. Less dramatic, but just as effective I guess.

Betaworks, the New York City-based holding company investing in the realtime Web, just raised a $20 million Series B. The round was led by RRE Ventures and Intel Capital, DFJ Growth, AOL Ventures, The New York Times, Softbank Japan and Softbank NY, Lerer Investments and Founders Collective, also participated, along with investors from the last round, which was $7.5 million

The company both invests and incubates realtime media startups, including Summize (acquired by Twitter for realtime search), bit.ly, TweetDeck, StockTwits, SuperFeedr, Outside.in, OMGPOP, and gdgt.

Consumer Reports has a new report on which computer company has the best tech support. Apple wins! That’s what happens when the same company controls the hardware as well as the operating system (and several of the most prominent pieces of software). The highest ranking PC manufacturer is Dell for desktops and Lenovo for laptops.

After shopping itself around to all the major search engines, Radar Networks finally found a buyer in another semantic search startup. Today, Evri is announcing that it will be acquiring Radar Networks, along with its core technical team and its main product, Twine. Rumors surfaced yesterday on ReadWriteWeb that Evri was being acquired, but that is not the case. Evri is the acquirer.

Fits.me, a virtual fitting room for internet clothing retailers based on robots (yes really) has won the European startup competition in Brussels, Plugg.

It’s actually even cooler than it sounds. By creating robotic shape-shifting manakins and testing how people reacted by seeing clothes on the robot with their dimensions, sales actually went up.

Only 7% of all clothing is sold online today, a $36bn market It’s $20bn for computers), because you can’t see how the clothes look on a human body. The fits.me trial with partners showed these pictures of adjustable manakins wearing clothes increased sales three times and dramatically reduced returns by 28%.

FlyScreen, the mobile phone lock-screen replacement from Israeli startup Cellogic, has added Foursquare integration to its Android app ahead of this year’s South by Southwest festival.

The new Foursquare widget lets users of the location-based social network access its main features, including the ability to quickly find places nearby, “check-in”, share their location with friends via Foursquare, Twitter and/or Facebook, as well as access their foursquare friends-list.