Oh? I'm interested in hearing your logic. I see no point to Loopt and think it looks cheap, but it's expanded to the point where it's mentioned in TV commercial

Oh? I'm interested in hearing your logic. I see no point to Loopt and think it looks cheap, but it's expanded to the point where it's mentioned in TV commercials, and its founder is Paul Graham's golden boy. I'm asking because your logic re:Tipjoy was sound, and I'd like to see a similar argument for Loopt.