Many of you are interested in issues surrounding open font licensing, so you may be interested in how the SIL Open Font License can be used in a web fonts world. There are some difficult issues, but after months of discussion with various industry representatives, we've come to some conclusions.
Nicolas Spalinger and I, the maintainers of the SIL Open Font License, have posted a draft of an update to the OFL-FAQ (1.1-update3-draft). Although there are many small clarifications and refinements from version 1.1-update2, the main addition is a greatly expanded section related to web fonts. There is also a related discussion paper on Web Fonts and Reserved Font Names that deals with those issues in even more detail. Comments and feedback are welcome.
We hope this helps to bring clarity to some of the many difficult issues related to web fonts and Reserved Font Names.