It was approved in May 2011 but not sure how long until it will be adopted.
I'm looking forward to the ability to share reading location and bookmarks between ePub devices.
Quote:
The new EPUB Canonical Fragment Identifier (epubcfi) Specification [EPUBCFI] defines a standardized method for linking into a Publication.
Required support for this scheme in Reading Systems means that EPUB now has an interoperable linking mechanism, one that can, for example, facilitate the sharing of bookmarks and reading locations across devices.
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