Buried deep in this NYT article is this:

And Google has embarked on an ambitious secret effort known as Project Ocean, according to a person involved with the operation. With the cooperation of Stanford University, the company now plans to digitize the entire collection of the vast Stanford Library published before 1923, which is no longer limited by copyright restrictions. The project could add millions of digitized books that would be available exclusively via Google.

This is really good stuff but, since copyright protection has lapsed on these books, I wonder why they would be available exclusievely via Google.
Will Wilkenson is ‘jacked’ about this and also notes that:

This is, by the way, what Microsoft is really good for. It puts the fear of Jesus in the Googles of the world, and makes ’em hustle to make us happy. So what I’m really hoping for is that Microsoft comes close in the search war, and succeeds in creating a superfast integrated search in Windows that allows me to search my own measly 30gb hard drive at something close to the speed that Google manages to search the whole goddam internet, but falls short in the end because of all the glorious innovations the Google geniuses lay at our feet in order to keep us from straying.

Things should be pretty exciting in this space over the next several years.
Via Tyler Cowan at Marginal Revolution.