Brian E. Surratt posted this New Collections and Services (The 5th and last part of his whitepaper) on the Future of Academic Libraries. The Entire Paper is a great read that is a must read for all those interested in Academia.
"To adapt to the information age, the library must expand its functions to encompass the entire life cycle of information. The library must go beyond acquiring information from our traditional sources, such as publishers, vendors, and the government. Our imperative is to develop and cultivate digital collections owned and hosted by the library, tailored to the information age."