Any idea that has received less than 4 kudos within 4 years after posting will be automatically declined.
Using Google Apps and similar products I've come to really love the access I get to all that functionality regardsless of which computer I'm on. Imagine how great it would be if you could have LabVIEW available in the same way!
All the work, your VI libs, the compilation etc. would be on the hosting server (sharing VI libs, source code control and collaboration in general could be made very flexible indeed). There would be a few challenges to overcome, e.g. when you are writing code for different targets, but nothing unsolvable I think...(if there are any show stoppers we could have both...a web based editor as well as the traditional solution).
And the host could offer you to work in previous versions of LabVIEW...and new versions would be available as soon as they are launched, and you could build apps for different operative systems in one go.... no volume license manager headaches...the list of possibilities and improvements is endless