SCORM 1.2 combines the AICC API (Appendix B) specification for browser-parent frame communication with the IMS 1.1 (or 1.2) specification for content packaging.
SCORM is an initiative started by the US government
The US Army has a US$700 Million Request for Proposals for training
All proposals to the US Army have to be SCORM conformant
ADL (Advanced Distributed Learning) Co-Labs - developer of the SCORM standard
One Lab in Virginia (military/corporate) and one in Madison, Wisconsin at the University of Wisconsin (academic)
SCORM hosts "Plug-Fest"s where standards are discussed and products are presented
http://www.adlnet.org
Ideal of SCORM is to produce course content that is reusable
You can take resources from several courses, and let the server put them together at delivery time
Currently, this will create courses that look like a book made up of articles from multiple magazines just stapled together