There has been a little bit of a hype trying to roll out OpenID Connect, even though the Standard Specification 1.0 is still at Draft 21 as of July 5, 2013. Read here. I'm not saying OpenAM in particular, but many others. :>
So what's OpenID Connect actually?
I found these 2 links from Nat Sakimura a good read to get started with:
1. Dummy’s guide for the Difference between OAuth Authentication and OpenID
2. OpenID Connect in a nutshell