"The literary agent Andrew Wylie said on Wednesday that he would begin his own publishing venture, called Odyssey Editions, which will produce e-book editions of titles by some of his clients..." [New York Times]
So we know have Ravenous Romance/Lori Perkins, Open Road Media/Jane Friedman and Diversion Books/Scott Waxman all ready to show us noobs how to epublish. (A.k.a spin backlist and slush into supplementary income for their agencies?).
Conflict of interests? Random House seems to think so--or at least they dispute that Wylie actually holds the digital rights he is exploiting. .