My team has been interacting with OCLC over the last few months. Great group of folks. Lee Dirks (himself a great guy), our Director of Scholarly Communications, has been putting us in touch with various publishing companies (hence my recent interactions with Nature Publishing*), repository providers (we’ll have more to say about this space soon), libraries (Lee’s great passion and domain of expertise). It’s a truly fascinating space and a great application area for many modern technologies (e.g. large-scale data mining, social- and data-networking, collaboration over the Web, sharing, interoperability between repositories, etc. etc.).
* This reminds me that I promised to do something with Connotea and Word 07. Will work on it soon.