What is WordPress Theme Update API ?
WordPress Theme update API is a service which will provide automatic notification about theme upgrades on wordpressÂ dashboard.
Suppose you are using the copyblogger theme, and its author Chris publishes a new update to the theme, Theme Update API will give you a notification about the new version, alerting you to download and upgrade your theme. ( In future, automatic upgrade also will be possible, in the same we use for plugins now.)
When will it be available.
WordPress Theme Update API feature will be available with next upgrade, ie to wordpress 2.7.0. After you upgrade your wordpress installation, check the “Design” tab, and it will tell you if there is any update available for the themes you have uploaded to your wp-content/themes folder.
“A list of all themes installed in sent to WP. Checks against theÂ WordPress server at api.wordpress.org. Will only check if PHP has fsockopen enabled and WordPress isn’t installing.”
Will update you all when more information is available !!