What does the Mycelium dev team think of the new "bit" unit? I'm a proponent of this change and would love the option to show µBTC as bits. If we want this change to take off, it needs to be supported in all popular wallets.
I think this is bad idea. I think that general public should get used to mili-, micro-, nano- prefixes and adapt to Bitcoin and its basic rules, not the other way around (Bitcoin rules adapting to general public or to psychological discomfort of "owning a fraction of something"). There are far too many "convenient" alternatives. Maybe when 1 µBTC = 1 USD, but it would still be quite confusing with cent in my opinion.
Edit: After reading jgarziks's post, I see the point. Well, I still think that "existing financial software and many popular accounting and finance packages" should adapt to Bitcoin not the other way around. But I admit, this view of mine is probably not very realistic one.
Unrelated... I have realized my first trade through LocalTrader today and it was great experience. We met and talked about Bitcoin for about 15 minutes and even tried opposite transaction for small amount of mBTC. However, I am little bit puzzled about notification behavior of Mycelium. For me, I got update (sound and vibration) only when I launched application. My counterpart (seller) on the other way got notification in action bar as some icon. I might take quite a while to notice buy request or update, therefore increase in "expected trade time". But overall, I liked functionality very much.