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@mattty
ok, for the older generation (tongue firmly in cheek): Foursquare is a bit like Twitter, but what happens is you "check in" to places you visit. So if I'm at the local, I can check in, and Foursquare sends pings my friends saying "mattty's at the Nailgun Arms", and you can come and have a beer with me.
What's the point? It's not completely clear at the moment, but companies are beginning to use it as a marketing tool (or rather, customer retention: check into Benny's Sandwiches 5 times and they give you a free coffee kind of thing). What it will become is anyone's guess.