I'm ashamed to say I don't have any good coverage myself on SAP's new mid-market SaaS solution Business ByDesign, but I am happy to instead point you toward Michael Krigsman's concise and informative write-up on the application (note to Michael-isn't this more of a project success than a failure? You need a new name for your blog!).

For my part, I think this is an interesting new development which bears looking at for a lot of mid-sized businesses. The approach SAP is taking, essentially offering the same broad scope of functionality that their enterprise-level applications handle, while keeping it competitively priced by avoiding specializing too deeply in any market vertical, will meet the basic needs of many growing mid-market businesses, who have a much greater need for integration than specialization. There are a lot of things that smell right about this product, from the consideration that has gone into rolling it out (a more anxious developer would have had it out last year, half-finished, promising more "soon") to the pricing to the positioning.

More perspectives available on Techmeme.