A lot was covered for that session, but here's some of the info I came away with:
LC established a contract w/Zepheira to bring w3c standards, library community standards, and other pertinent standards together.

A new committee under ALA has been established to focus on the Bibliographic Framework Initiative (BFI) which includes ALCTS, LITA & other committees.

Initial models & tools will be created by Zepheira then various orgs will play around with the tools and models. The tools & models will be tweaked along the way as needed.

Related linked data initiatives like Schema.org and others will be reviewed to weigh certain benefits they present that can be adapted to BFI.

Marc21 will be translated to linked data model to retain the beneficial aspects of the historical format.

Prototypes & tools  will be produced for testing purposes.

Reference codes for the initial tools & prototypes will be created to establish a good foundation in the same fashion such codes were established for xml & other formats.

A flexible road map will be outlined for moving forward in the BFI process to measure progress along the way & to meet specific advances by certain time periods.

July/Aug. 2012—prototype codes will be established & their impact on MARC records & linked data initiatives will be considered.

Aug./Sept. 2012—initial software model for the library community will be created to test for linked data.

By Midwinter 2013, ideas of what’s good, what isn’t, will be assessed in initial software model.

New framework will have to account for what’s good from past & mixed with what works for the future that may call for paradigm shift in how librarians conceive their operations in certain instances.

Increased flexibility will be necessary for describing resources.

Reusable links will need to be formed across the various types of records librarians create.

Common characteristics will be sought to bring various linked data initiatives together (initiatives like RDA, FRBR, British Library, Worldcat, schema.org, etc.)

There's probably more to highlight that I haven't covered so hopefully others will correct me if I got something wrong or contribute additional information.
Harry Gaylord
Cataloging Librarian
Bound To Stay Bound Books
800-636-6586 ext 3117

>>> Lukas Koster <[log in to unmask]> 6/26/2012 3:28 PM >>>
Second that :-)
Lukas Koster

On 26-6-2012 19:04, Karen Coyle wrote:
> I realize it's only the Tuesday after ALA and many people are still
> traveling, but I would like very much to hear any and all accounts of
> the bibliographic framework meeting that took place on Sunday at ALA,
> plus any other related news. (The tweets of the event only mentioned the
> crowded conditions of the room, not the substance of the event. :-))
> Thanks,
> kc