Many already thought the ratings for these games were rolled into the rating for classical games.

Now there will be less confusion about these being different games.

http://www.fide.com/component/content/article/1-fide-news/5657-fide-congress-and-executive-board-in-krakow.html

Are there titles to be earned in rapid chess?

"For players with existing FIDE ratings, their initial rating on both of the new lists will be that rating. Their rapidplay or blitz ratings will be adjusted depending on their results in those forms of chess."

"The first pair of new lists will be published at 1st July 2012. It is anticipated that there will by then have been enough tournaments rated for the new ratings to be meaningful. Thereafter, lists will be published on the 1st of each month. The minimum rating for these lists will be 1000, in line with the lowered floor in the main list."

http://www.fide.com/component/content/article/1-fide-news/5721-rapid-and-blitz-rating-lists.html

6. Anybody attaining a rapid rating of 2300+ can be awarded the title of “Expert.”

http://www.bworldonline.com/content.php?section=Sports&title=Rapid-and-Blitz-Ratings&id=42297

5. In the past there have been official FIDE competitions for world rapid chess champion. You might be interested to know the titleholders:

a. Garry Kasparov 2001

b. Viswanathan Anand 2003

c. Levon Aronian 2009

d. Gata Kamsky

.

9. There have also been official FIDE competitions for the title of World Blitz Chess Champions in the past. Here are the winners:

a. Mikhail Tal 1988

b. Alexander Grischuk 2006

c. Vassily Ivanchuk 2007

d. Leinier Dominguez 2008

e. Magnus Carlsen 2009

f. Levon Aronian 2010

.

First! http://www.hastingschess.com/?p=503

"This means that each unrated player will be able to get a FIDE Blitz Rating on the night."

The first rated event is in the books. Now there is speculation of GM titles.

http://www.hastingschess.com/?p=885