Will we get a Google Reader API?

I've been using Google Reader pretty extensively the past few days. I even have firefox 2 configured to work with Google Reader. You can go to Preferences->Feeds and select Google Reader. I've been wondering when Google will release an API similar to Bloglines API or Newsgator API? It would be nice to have an API that a native reader could sync to. Google is pretty fast at releasing API's:

Google Office to Get APIs:

"As for Google APIs in general, as of now, there are these 12 Google APIs listed here."