…Labs means that a feature is still under development but we feel that it would be valuable to our user community in its current state…
…Features that are part of Labs may be less polished, but we figure that’s well worth providing new features to you faster and being able to test them earlier in real workflows…
And rest assured: we are working on a solution to allow customers to create their own Live Components. In the meantime, we are also developing more pre-built Live Components for you to use in your SketchUp models.