I just ran across this post about Damien Ewens (FYI pronounced "Damian Evans") Damien is DML Awardee, a friend of open badges, formerly of Providence After School Alliance and currently co-founder of Achievery.com.
My crawler for digital badges just directed me to this nice blog post from an ed-skeptic who gushed about about digital badges.
Check out the opening paragraph where Damien makes the point about the limited value of static badge by faux-swiping his Stanford diploma. If I was an investor I would put my money on Damien. Brilliant demonstration.