I'm guessing it's safe to post this now, although I'm still expecting a phone call from lawyers representing OCLC and/or The Library Journal after "accidentally" stumbling on the news before it officially broke :-S
The LJ article (written by Marshall Breeding) isn't live at the moment, but it the annoucement has appeared on the OCLC home pages:
- OCLC announces strategy to move library management services to Web scale
- Andrew Pace: And now for something completely different

The LJ Article is now live:
- In Challenge to ILS Industry, OCLC Extends WorldCat Local To Launch New Library System
- WorldCat Local: moving into the ILS territory (Library Technology Guides)
[...] http://www.daveyp.com/blog/?p=803 [...]
I saw your tweet come through yesterday and was suprised (knowing we hadn't released the news release yet), but no cause for fear of attorneys showing up at your door.
Sorry about that — if I'd realised LJ had an embargo on the annoucement, I wouldn't have tweeted!