Doesn't leak metadata, yet they say it's using direct connection? - Massive fail. Afaik, if you form direct connetion between Alice and Bob, you're leaking metadata and clearly revealing connection as well as communication times, amount of communicated, called communication pattern. If that's not metadata leak, I don't know what is. RetroShare has provided similar kind and even bit better features earlier. But with same limitations, it doesn't hide communication patterns and doesn't stop metadata leak.
I assume they'll eventually release a technical specification that allows other clients to interoperate. I think it's better to get the usability right and other aspects polished first.
I love BT Sync! The current client is not so bad, it's easy to use. I like how it's easy to port your config from one computer to the other with dumb text file. I'm just curious, what do you think is missing in it?
..and it is the best solution for guaranteeing confidentiality and the encryption need/problem - not to need it, since there isn't a server to eavesdrop on