The document provides an overview of the Open Library Environment (OLE) project, which aims to develop a new library system framework. It discusses the project's rationale, assumptions, scope, timeline and opportunities to participate. The key points are: 1) Current integrated library systems are inadequate and vendor consolidation limits options, so OLE seeks to allow libraries more control over their technology. 2) The project started in 2008 with funding from the Mellon Foundation. It involves libraries designing flexible and adaptable open-source software. 3) The project scope focuses on supporting a wide range of resources, being owned by libraries, and allowing integration with other systems. Design workshops and working groups are planned.