Standards allow modern systems to advance, and the REST specification is one very important example.
Since this post is about the Tungsten API in specific, let me simply say this - a RESTful API adheres to six principles: Client-server, stateless, cacheable, uniform interface, layered system and optionally code on demand. As part of the watchability/monitoring goal, our upcoming version 7.0.0 includes a proper RESTful API - what we call APIv2. This API will be fully documented and public.