Nice work. I'm also a fan of velocity.js (and I wrote liquid-fire to make it easier to use velocity in Ember apps). My top use case for something like blast is applying typographic rules that aren't possible with CSS. Like adding extra letter-spacing to strings of all caps, and rendering "AM" and "PM" in small caps. I do several of these things already on an ad-hoc basis.
As for micro-typographic rules: You'll find that a simple way of accomplishing this is to use Blast's generateValueClass option.