An Early Look at Farecast

John Battelle talked to Hugh Crean, founder of still-in-secret-beta-mode local company Farecast. What's Farecast, you ask? John explains:

The basic premise is neat - Farecast pays attention to the market price of all airline fares out of particular cities (it only does Boston and Seattle for now) at all times (it uses an industry data feed that, unfortunately, does not include Southwest). It then uses this data to help forecast when the right time might be for you to buy your ticket (and get the best price). In short, it's a rip off detector for flights.

Check out his full entry. If you read all the way to the bottom fast enough, you may be able to snag one of his beta invites. Then again, we first saw this story on BoingBoing, so maybe that's just a fantasy. (You can also check out the PI's writeup of the company from May 25.)