It's an implementation of CalDav
http://en.wikipedia.org/wiki/CalDAV
Clients, like mozilla, Kontact, apple ical, evolution speak caldav to
the server. It's basically webdav with calendaring built in (icalendar
format).
What is needs is more embedded client implementations -- and for
Google calendar (and it's foes) to support caldav. This isn't too far
away i reckon.