I am writing an API for my application and have a few open questions (with versioning in mind).
Initially I thought "abstraction" and "latest". But .Net (or Silverlight) for example exposes concrete classes, ships with all previous versions, and also a 2.0 dll will run with 2.0 CLR even if 4.0 is installed.
I am looking for examples of API strategy of known .Net projects (client apps). For example NUnit and NHibernate but any other library you know of is great.
I think both answers depend on your necessities and must importantly: business constraints.
Also remember that you do not have to externalize all of the object's functionality, you can keep attributes for the internal use of the class or even for the DLL using the "friend" modifier: http://msdn.microsoft.com/en-us/library/08w05ey2.aspx
Ex. You are designing an API for a bank and you want to let your consumers work with the "Client" class but you sure don't want them calling Client.GetTotalBalance().
Taking that into account is perfectly safe for you to externalize the objects, if you keep what's private, private; .NET is really strong there.
That doesn't mean, though, that you cannot take methods away if you need to, specially if security risks are involved.
Hope that helps :).
2 more things: As "Reed Copsey" suggested, take a look at: http://msdn.microsoft.com/en-us/library/ms229042.aspx.
And I'd like to suggest, if you are starting from scratch and have the time to, that you implement serialization for your classes, it may come in really handy depending on the use for your API: http://msdn.microsoft.com/en-us/library/7ay27kt9(VS.80).aspx