One of my day jobs is to contribute to the development of standards. At the moment, I'm co-editing a specification in the World Wide Web Consortium (known as W3C in many circles) ... the people who bring you HTML, XML, and other interesting kettles of fish.... called the Linked Data Platform.
If you already know what REST and Linked Data are (extra credit: OSLC too), you can jump right in (details on the Service Management Connect blog). What LDP focuses on that's new is the write operations; the common view of linked data to date is largely read-only.
If you need more background, there's an earlier entry with a reasonably concise version of that.
I'm a raving lunatic perfectionist when it comes to writing documents, so I won't even pretend that the Last Call draft is where I'd really like it to be. Suffice to say, before I left for my summer walkabout I made sure that the normative parts (stuff you can't just fix later) hung together. There's certainly room for more/better examples, and no doubt places where mere mortals' parsers will throw an exception - and that's exactly what the review process is there to help deal with, in addition to the normative content that people will depend on when it comes to asserting compliance.
Read with a skeptical eye.