Possibility of an API

I know quite a couple of people here have been requesting a mobile app, especially since the reddit exode, but that wouldn't really be possible without a working and documented API. I've seen rumors and talks by users left and right over the website, but I couldn't find any real sign of the possibility of an API coming out. I'm sure developers left and right would be interested in such a thing. I surely would be interested in messing around with it and eventually work on an Android app as a side-project from my current CS degree.

I'd love to hear from an admin on it.

• Is it in your plans in a short/medium timeframe?
• If not, is it actually something that's considered?

Thanks a lot, and sorry for the trouble! (oops, spot the canadian...)