The BUD Switch is a block planned to be added in the Redstone Update for use with redstone circuitry. BUD stands for Block Update Detector and configurations of such a device have existed in Minecraft due to a glitch labelled as a "feature", allowing circuits to detect block updates, using a Piston powered in a way it does not recognise until it has been updated by using blocks such as growing grass or decaying leaves or having to place a block.
Jeb stated that there may be a BUD Switch in Minecraft
Trivia
BUDs are currently redstone circuits which range from very simple to very complicated. This block, which could be added in 1.5, will make them all very simple, only consisting of 1 block.