The report will come out on Monday. We got a brief preview and comparison to the 2009 faculty survey. Ithaka surveyed library it.directors, which seems to assume that directors have all the ideas and set the direction. It doesn't feel like that to this director, but hey.
I am afraid it is pretty underwhelming report. Library directors perceive the value of libraries as higher than faculty, particularly in the areas of teaching and information literacy development (see figure 4 on page 15.) Part of my job is as a cheerleader for the value of the library, so I am sure that inflated the figures. Also, teaching is a core function of our institutions so library directors like to link to that. We are also not in the classroom and faculty offices every days so we overestimate the library's role in teaching.
The conclusions on discovery are just as underwhelming, are we "a starting point" or "the starting point" for research. The former is reasonable, the latter is not.