The big news today in the Identity world revolves around an announcement made at the RSA Conference in San Francisco by Microsoft that they would collaborate on interoperability between CardSpace and OpenID in cooperation with JanRain, Sxip and Verisign.
This is obviously a good thing as long as Microsoft don't decide to take over the world...at least not in Identity terms. I'm sure they want to take over the world in just about everything else.
Plenty of commentary from people directly involved with this initiative here, here, here, here, here, here and here.
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