Any LAMS?

Hmmm… just got, via email, an invitation to “a cocktail reception to celebrate the worldwide launch of the revolutionary new e-learning system – LAMS.”

It goes on to say that “LAMS is being released as a freely available open source software.”

Which is all good as it currently isn’t… so has anyone used this, does anyone have an opinion on it’s value, possible roles and stuff… I have to say that anything that advertises itself as requiring:

“complex user interaction including drag-and drop and visualization of complex data.’

Doesn’t exactly fill me with joy… but I’m open to persuasion :o)