A Cal-Tech spinoff company, iSpheres, plans to publish an early version of the EPL software, short for Event Programming Language, by month's end. It will be royalty free to end users. They plan to make their money selling thier event server. There's even been some suggestion that EPL will compliment BPEL (Business Process Engineering Language).

Their claims of EPL are pretty steep:

“In much the same way that SQL eased the development of database applications, EPL simplifies event-based computing.”

“Rather than write 100 lines of Java code, iSphere's EPL can reduce that to 10 or 20 lines of code.”