Yesterday Google announced that it was:

joining together with Yahoo! and MySpace in the creation of a non-profit foundation for the open and transparent governance of the OpenSocial specifications and intellectual property. This foundation, modeled after the community-led and industry-supported OpenID Foundation, will seek to ensure that the technology behind OpenSocial remains implementable by all, freely and without restriction, in perpetuity.

It has also launched opensocial.org, as a home for the developer community and the OpenSocial specifications.

http://google-code-updates.blogspot.com/2008/03/opensocial-foundation.html

via OLDaily