On September 21st, the first ever schema.org workshop was held in Mountain View, California. There were 75 attendees from web markup & standards groups (including W3C, Microformats, RDFa, Creative Commons), as well as other search engines (Ask, Yandex, Baidu), and top content publishers and tools vendors (including NYTimes, Disney, Foursquare, Shopping.com, OpenTable, Drupal, Sharepoint). The objective of this workshop was to evolve the schema.org specification, solicit feedback from the standards community, and build momentum for web publishers. During the workshop, a proposal was put forth for a stripped down version of RDFa 1.1, called RDFa 1.1 Lite. The RDFa syntax is often criticized as having too much functionality, leaving first-time authors confused about the more advanced features. This lighter version of RDFa will help authors easily jump into the Linked Data world. The goal was to create a very minimal subset that will work for 80% of the folks out there doing simple markup for things like search engines.
To summarise, RDFa 1.1 Lite is a simple subset of RDFa consisting of the following attributes: vocab, typeof, property, rel, about and prefix.
See Ben Adida's presentation at http://ben.adida.net/presentations/rdfa-2011-09-21/#5
See more in article from Manusporny on RDFa 1.1 Lite