To answer my own question, in relation to the likely lifespan of the API (apologies for the legalese). I have discovered that:
The Google Apps Calendar Resource API v1 is one of the Google Apps Admin APIs subject to the Google's deprecation policy. The Google deprecation policy states that Google will use commercially reasonable efforts to continue to operate this API without changes until 20th April 2015, unless (as Google determines in its reasonable good faith judgment):
- required by law or third party relationship (including if there is a change in applicable law or relationship), or
- doing so could create a security risk or substantial economic or material technical burden.
After 20th April 2015, the Deprecation Policy will not apply.