IBM's Open Patent Policy

IBM's announcement of a new patent policy is obviously important, if only because Big Blue has a big collection of the critters. Whether it will do much to help fix a deeply broken system is another matter:

The worldwide policy, built on IBM's long-standing practices of high quality patents and transparency of ownership, is designed to foster integrity, a healthier environment for innovation, and mutual respect for intellectual property rights. IBM encouraged others in the patent community to adopt similar policies and practices, more stringent than currently required by law.

For a good first analysis, see Andy Updegrove's blog.

Update 1: And here's a salutary reminder from Andy on why it's best to get all the facts before you express your enthusiasm.

Update 2: Richard Poynder also makes some good points about the move.