In addition, Naughton neatly summarizes the possible ramifications of the settlement:
This is incredibly troubling, to put it lightly. If I could believe that Google had only the best intentions towards our cultural heritage, I might be able to rest easier. The fact that the company (by the very definition of the word 'company') is instead most interested in eventually turning a profit from its endeavor should be troubling to most of us.
"A single commercial company will control much of our cultural heritage. Because it's a settlement based on a class action suit, it will give Google a uniquely privileged position in relation to 'orphan' works - ie, those which are still in copyright but for which no owner can be located - which will not be enjoyed by anyone else. And thirdly, it will hand the power to determine access fees to a pair of unaccountable monopolies - Google and the digital rights registry. So it's deeply anti-competitive."
All that's left now is to wait and see, I suppose.