VH - Excellent find once again! The article is layed-out very well and is easily understandable. I had never heard of Craig Werhan before. Seems like a very knowledgeable Wave employee. Maybe SKS isn't kidding around when he says they employ some of the leading security architects and engineers in the world.
What I quickly gathered from reading the article is that the TSS is a pretty important piece of software in itself. The fact that you can write applications directly to the TSS without passing through the CSP is interesting. Sounds like NTRU might be just as good as an investment except for the fact they are not a public company.
BTW, without me having to go back and check the announcements and specs, does NTRU contain any Wave IP in the TSS?