One of the important things to keep in mind about these oscillations, and one
of the reasons it's so big, is that it was predicted by modellers _before_
being discovered in kitties.
von Der Marlsburg and Schneider (1986, Biol. Cybernetics, 54, 29-40, "A Neural
Cocktail-Party Processor.") wrote about a hypothesized solution to the
"binding" problem. This, or other, von Der Marlsburg is important to
understanding the excitement behind these oscillations.
Frankly, I find the whole thing a bit hokey, but then "the binding problem" is
not an unambiguous task for vision (or perception in general).
Russ (MASTRD at ctrvax.Vanderbilt.edu)