code: function (data) {
          var name, value;
  
          data = data || {};
  
          for (name in data) {
            value = data[name];
  
            if (value instanceof Binding) {
              data[name] = value.create(this, name);
            }
          }
  
          this.data = data;
        }
docs: Constructs a new observable object instance.
  
  @constructor
  @param {Object} data Initial data for the object.