The Internet Archive has just released a short video, Libraries Going Open, about the goals and progress of the Open Content Alliance (OCA).
The Open Content Alliance "represents the collaborative efforts of a group of cultural, technology, nonprofit, and governmental organzations from around the world that will help build a permanent archive of multilingual digitized text and multimedia content." The project focuses on public domain works that can be made freely available online.
The University of California Libraries are a major contributor to the OCA efforts. As of today, the UC Libraries have contributed 106,132 items to the Text Archive - including many classic texts in mathematics. Books can be read in PDF or Flip Book (example), among other formats.
Contributed books include:
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