An old collegue of mine from Gryphon Software (the founder and the guy who hired me, in fact) IM’d me today with news he’s at a new venture. Chumby Industries is working on developing a new device which, in essence, is going to be a new generation of clock radio. It’s a small device with WiFi that can display content based on Flash widgets. Weather, horroscope, headlines, music, and, of course, the time.

They’re just getting started but they seem to have thought about all the options and are going down a good path. They are going to provide premium fee-based content but will also support custom and/or cummunity developed widgets. Unlike a Tivo, if you don’t want the service, it will still work but you’ll forego the content you’d get from the service.