Mark your calendars, the api team will be doing a webinar introducing api version 4 on Thurs March 24 12:15pm EST.
For anyone that's developed an extension or other integration with CiviCRM, you know how important a good api is. CiviCRM's api version 3 is incredibly useful - it's mature, stable, tested, robust, and even has a handy gui explorer that writes code for you!