A lot of buzz around Open ID has been generated. It seems it's an idea who's time has come. Basically OpenID is a distributed authentication system. Some of the major supporters of this are myopenid.com and idproxy.net . I've heard rumours that shopify is going to be supporting it.
Here's a bit of a confirmation: http://www.intertwingly.net/blog/2006/12/28/Unobtrusive-OpenID
How does it work?
When you go to a web 2.0 site and it supports Open ID you just put your unique URL into the text box and the web 2.0 site goes to the authentication service say myopenid.com which in turn asks you if it's okay to authenticate with this service. Simply no more accounts to keep track of and no more accounts to subscribe to.
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