> How much will this initiative utilize prior standards such as dublin core
> (OCLC)? Some of what you point out has been worked on already by others.

As far as I can see, the goal is to make the best possible use of these 
existing ontologies / metadata standards. So it is not about re-inventing the 
wheel, but about putting the fragmentary solutions that have been created in a 
multitude of separate projects together. Some of it might be re-used directly, 
some of it might need to be modified a bit, and some might need to be added 
from scratch.
This is also discussed in one of the discussion threads [1] on their Google 
group.

-- Matthias


[1] http://tinyurl.com/2kldy3
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