The OASIS Office Formula Subcommittee recently published an excellent page about OpenFormula. The page is very understandable by non-technical people. as well as including enough technical information to satisfy those who want that, and has a nice set of links at the end.
“OpenFormula is the informal name of the [WWW] OpenDocument formula specification. The OpenFormula draft specification describes how to exchange recalculated formulas between any two applications (primarily spreadsheet programs). Anyone can implement this specification, both proprietary and open source software projects, and it’s being developed through the cooperation of a large number of competing implementors.
“OpenFormula is designed to let you own your own data, so you can choose which spreadsheet application you want to use, and still exchange data with people who made different choices. …
“This page provides some information that counters some common myths, provides the current schedule, and describes some of the key advantages of OpenFormula. It then describes the “grouping” system in OpenFormula, gives a brief history of OpenFormula, and explains how you can be confident that OpenFormula is an open standard.”
In related news, the OpenDocument Fellowship has received a grant to reward volunteers from the OASIS ODF Formula subcommittee for their continuing work on the formula specification.