All your comments about market analysis are very valid. Current Armenia is not the best place to invest in an ASP business due to lack of technological infrastructure and legal/business framework etc...
On the other hand depending on the services offered there may be some "real" uses (example: some larger food and bevarage manufacturers in Armenia may like an opportunity to get better,quicker and most importantly well analysed data and predictions on sales of their and competitors products).
I believe this is worth pursuing as an OpenSource/Educational project. As it may open future opportunities both inside and out of Armenia in such areas as Business Intelligence, Data Mining etc.
I ablsolutelly agree that we need not only programmers but also MBAs for this project (being one myself). I believe this will be an excellent thesis material for folks doing MBA with Information Systems concentration.
I am interested in pursuing the prject and already working on the Project Proposal. I will appreciate your comments and participation once (and if approved by UITE folks) it is posted on this site.
Garen Melikyan