The IPKat blog has done a detailed post on the Review.
Some provisional observations of the IPKat include:
- There is no proposal to extend the term of copyright protection for sound recordings from its existing term of 50 years
- Private copying should be permitted
- Directive 2001/29 on copyright in the information society should be amended to allow for an exception for creative, transformative or derivative works, within the parameters of the Berne Three Step Test
- Fast-track trade marks for small businesses
You can read the whole version here.