The document discusses Schema.org, a new initiative by Google, Bing and Yahoo to provide a common vocabulary for structured data markup on web pages. Schema.org aims to help webmasters improve search engine results by allowing them to provide additional context and meaning to content. It establishes ways for webmasters to better describe content, products and services which could help drive more qualified visitors to their sites. The document outlines some potential benefits of using Schema.org, such as improved search results, but also notes challenges including the work required and uncertainty around how search engines will specifically use the data provided.