>
> Or better still, there's another exciting new paradigm on the horizon:
> http://lampwww.epfl.ch/~imaier/pub/DeprecatingObserversTR2010.pdf
>

Already being used on .NET, with the Reactive Extensions framework (Rx) 
which allows such goodness as LINQ over events.
http://rxwiki.wikidot.com/101samples 

Also, I believe the Fantom brothers are contemplating going this route.

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