A timely reality check – read the full article
But whatever the detail there remains a fundamental problem. It is not that the settlement will give Google indemnity from prosecution should it be found to have scanned books that are in copyright without the copyright owner's position, nor even that it gives Google freedom to exploit scanned content commercially.
It is, rather, that the settlement gives only Google these privileges, and places one company in a prime position to become the world's de facto librarian instead of encouraging open access, open standards and a plurality of services and service providers.
Neither Google nor any other company should be entrusted with that responsibility, and nothing in the detail of the agreement or the funds that will be made available to authors as a consequence can change this.