The Association of Research Libraries has released Ad Hoc Task Force to Review the Proposed OCLC Policy for Use and Transfer of WorldCat Records: Final Report to the ARL Board.
Here's an excerpt from the press release:
OCLC's release of the policy elicited serious concern from the ARL community, as well as the broader library community. As a result, ARL established an ad hoc task force to review the policy and identify issues of particular interest to research libraries. The task force report includes a brief overview of the policy and the task force's understanding of the policy's intent. This is followed by an explication of specific issues and the task force's findings regarding both the policy itself and the implementation process. The report concludes with recommendations for OCLC and the library community.