Looking for a technical review regarding Lion's new versioning, and implications of...

Hi all, as you may have noticed I am very excited about Lion and many of the new features. As a tech writer for many online publications, I am in the process of writing a longer piece on Lion, and I would like some feedback on the bit regarding Versioning, and what the implications are for the future. Here is what I have so far, but in short my premise is that the changes are not just about how we save files, but how we create content. Well, thx for any help you can offer, and please respond here instead of on my blog, as that post will go away once I have verified the facts. If I knew an Apple architect, I would ask, but I have never had the chance to meet one here in Nepal 🙂

Cheers!