A public discussion of the third version of the Creative Commons licenses has been launched. The main news in version three is (1) New US and “generic” license, and (2) the Anti-DRM language.
Also take a look at the future of Free Media Licensing in two Wikimania sessions:
Lawrence Lessig on The Ethics of the Free Culture Movement
Eben Moglen on Document Licenses and the Future of Free Culture, (includes Q&A with both Moglen and Lessig).