Image API?

I just had a brainstorm this week for writing an Image API module, and see that dopry beat me to the punch :) Does anyone know about the future plans for this? Specifically, I was thinking about writing a form element for images, similar to how imagefield handles forms, because I've had to replicate that for a couple of instances, and think it would be better as an API, rather than duplicating code.

Thanks,
Aaron Winborn
Advomatic