Just posted from OCLC:
The new WorldCat record use policy has been approved by the OCLC Board of Trustees. WorldCat Rights and Responsibilities for the OCLC Cooperative will be effective August 1, 2010.
Our 12-member Record Use Policy Council undertook a detailed investigation of the issues and drafted a new policy that we introduced for community review In April 2010. More than 275 comments were gathered via e-mail, phone, meetings and letters, in an online forum, and by monitoring blogs, listservs and Twitter. Your comments resulted in additions and changes to the draft. At the end of May 2010, we submitted our revised policy statement to the OCLC Board, which approved the document during its June meeting.
To view the new policy, including a Frequently Asked Questions document and a comparison between the draft submitted for community review and the final document, visit: http://www.oclc.org/worldcat/recorduse/
–OCLC Record Use Policy Council