The concept behind SearchMonkey is to empower developers to build applications that increase relevancy of search results. Developers can build Enhanced Results or Infobars under the Search Monkey API which can pull data from CitySearch, StumbleUpon, eBay, Epicurious, and more. According to the announcement, "Enhanced Results replace the current standard results with a richer display. All the links in the Enhanced Results must point to the site to which the result refers. Infobars are appended below search results and can include metadata about the result, related links or content, or links for user actions (such as adding a movie to a Netflix queue)."
Yahoo is also holding a contest that enables developers to create their own tools using the new API. Winners can receive up to $10,000.
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