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German social bookmarking service Mister Wong was, not so long ago, an ambitious, well-used, innovative project. It was also the subject of heated international controversy online. Today the service finds itself put up for sale by parent company Construktiv. In a post on the company's German language blog, Mister Wong says its changing priorities require it to seek a new operator.

Mister Wong instituted a number of different features appreciated by users, like automatic Twitter sync to save shared links, a Delicious importer and an attractive mobile version of the site. The service also faced a substantial amount of criticism, though, for its name and branding. So much criticism that it provided an interesting opportunity to talk about contemporary racial stereotypes, the importance of intention and more.

German social bookmarking startup Mister Wong yesterday afternoon announced the acquisition of Lifestream.fm, a lifestreaming start up that's something like Friend Feed without the interactivity and using Twitter's design. While "lifestreaming" still barely registers on Google searches according to Google Trends, it is one of the most talked about new phenomena in the blogosphere (see this BlogPulse trend graph). Though Lifestream.fm isn't one of the top players (Friend Feed gets all the press), it is a very capable basic lifestream aggregator.