This was first proposed on the mailing list on Aug 24 as a common format for the export and import of wallet labels.
Following discussion there, on this bitcointalk post and via private channels with other wallet developers, the original proposal was simplified, and changed to use JSON instead of CSV. The revised proposal has been well received, and I believe is ready for consideration as a BIP.
Link: https://github.com/craigraw/bips/blob/master/bip-wallet-labels.mediawiki