I purchased my FortrezZ Flow meter and have it integrated with the ISY. The ISY does see it just fine. The thing is that it only sees it as a single measurement. I may not be taking advantage of everything the ISY can do here, but from what I can tell if I poll the flow meter every X seconds to get a value, then I can potentially detect a leak. But the problem is that unless you have some persistent and historical data, it may not actually be that valuable. For example, a long flow of water might be a representation of a water leak (ie. irrigation break, etc.) and I can't detect that from a single poll that there is a water flow of X gallons. I really need to poll this over time and plot the flow, and then look at trends (ie. every hour detect total flow for that last hour and determine whether that exceeds thresholds in order to trigger some alarm condition).
What I was thinking of doing was to write some Linux software that would do this, put the data into a SQL database and then run a cron job to look for trends each hour and if some rule is triggered, then have the ISY send out the instruction to the shut off valve I also have installed to turn it off (and notify me). This is a project on my to-do list, but I have no idea when/if I'll start it. At least the ISY has a REST API to it, so I think it may be something I can do.