FRBR does not account for "reality," but for a "conceptualization" of reality. It certainly shows innovative features, particularly with regard to activities related to the "Semantic Web," but also elements of conservatism in its approach. The "logical flaws" that are sometimes denounced in the analysis it embodies actually reflect logical flaws in cataloging practice itself, showing the value of FRBR as a tool for assessing such practice. As to future evolutions in cataloging, alternatives to FRBR are possible.