Tony Faddell, the guy behind this thermostat and the origniator of the ipod, was a fraternity brother of mine in college. I knew him quite well. He was quite the character. Another good friend of mine in college who was also a EE and who knew Tony quite well told me, "that guy is a genius, he is going to make something incredible some day". At the time, I thought, yeah right. Tony was best known for getting duck taped to the floor on occasion (I have photos). Turns out he was right. However, good thing I didn't stick with him, he went bankrupt a couple times before he took his idea to Apple. Surprisingly, he already had the ipod concept in college. That was 1990. Well before there was any possible way to actually store songs on any micro drive. He certainly was thinking ahead. At the time everyone was using those little goofy mac se's. Those things barely had a big enough hard drive to hold music, let alone a little pocket device.
I can only imagine the Steve Jobs/Tony Faddell intercourse. There is no way those two got along. Or maybe they did, Steve Jobs of couse is well known for being a bit of a tyrant and Tony was never short on being blunt. Supposedly Steve Jobs actually liked all out arguements and Tony I'm sure was more than willing to provide the other half.
Hopefuly Tony will do well with this device. The difference this time is he has a lot of personal capital (I think he has severl hundred million in apple stock options) plus now that he is "the father of the ipod" people will certainly stake his gambles.