[Via Mike Jones]: The Information Card Foundation was officially announced today. According to its press release

The Information Card Foundation will support and guide industry efforts to enable the
development of an open, trusted and interoperable identity layer for the Internet that
maximizes control over personal information by individuals. To do so, the Information
Card infrastructure will use existing and emerging data exchange and security protocols,
standards and software components.

The foundation’s members include Google and Liberty Alliance.  Ben Laurie, currently with Google, also has a post on this subject.