Their purpose is undermined by the fact that they don't even use @font-face on their own site. The could have and should have, given that the first specified face in the stylesheet is "Nimbus Sans", a free font.
What I actually see on visiting Open Font Library is the headline "Typefaces we can all share" in Helvetica Neue, a typeface that in fact we cannot all share.
[1]http://openfontlibrary.fontly.org/
[2]http://openfontlibrary.org/wiki/Web_font_linking_with_@font-...