Publishers Weekly has an article about a Google Editions presentation to the New England Independent Bookseller Association.
Here are a couple of highlights:
Google Editions won’t go live for another 6 months
It will also probably carry books from Wal-Mart and Barnes & Noble
Publishers will be able to bundle print books with ebooks as part of the program
Google’s role will be a wholesaler like Ingram or Baker & Taylor
The ABA says that the Google partnership has come drawbacks, but they need to be in the conversation
The ABA is talking to Baker & Taylor about Blio
More details in the article.