Came across this very interesting product on techcrunch. Here is how the site answers "What is Pipes?"
Pipes is a free online service that lets you remix popular feed types and create data mashups using a visual editor. You can use Pipes to run your own web projects, or publish and share your own web services without ever having to write a line of code.
I have been wondering when such a product will become available. Seems to target techies. Have not tried it yet, but will soon! The potential is huge.