The Library of Congress just announced to have reached two important milestones with respect to the Bibliographic Framework Initiative:

• the introduction of a draft data model for web-based bibliographic description, and
• a first meeting of a small group of early experimenters currently exploring the feasibility of the proposed model.

The new model is called BIBFRAME, short for Bibliographic Framework.  Although the model is a draft and expected to change, the LIbrary of Congress wants to share it now with the community not only to inform about progress being made but also to engender conversation and constructive feedback.

More information at Bibliographic Framework as a Web of Data: Linked Data Model and Supporting Services.