I'm pleased to announce the first release of the "Registry of Digital
Masters Record Creation Guidelines": 

http://www.diglib.org/collections/reg/reg.htm 

The Registry of Digital Masters is intended to assist with access to
digital materials as well as to provide a tool to help librarians reduce
duplication of digitization and preservation efforts.  The Registry is
available through OCLC WorldCat and is based on the DLF Digital Registry
documents and MARC 21.  

Created by a DLF/OCLC working group, the Guidelines can be used to
create metadata for born digital and digitized monographs and serials,
including materials that an organization will digitize in the near
future.  To be listed in the Registry, materials must be digitized
according to standards and best practices with preservation in mind.

David