Daylife: Hype vs. Reality?

It’s funny how buzz works, isn’t it?
Investors and partners are telling us to “keep an eye out for Daylife,” the new news tool set tech whiz Upendra Shardanand has been working on for the past 18 months with the very vocal Jeff Jarvis, but the truth of where their product lies seems to put it much closer to early stage prototypes and back end algo to show the (very connected) investors, than to something ready to ship.
At least, that’s what this job posting for an engineering lead on Linked In would lead me to think–but hey, creating value is about building buzz, right?
Update: More Daylife jobs here. (Thanks, Lisa!)