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OP_RETURN data transaction

Looking at Dev Update #5 and in particular the OP_RETURN data function due to be included in 0.9 release, how is data returned during the transaction?

Am I meant to create a new txout with no value and a scriptPubKey with just "OP_RETURN mydata" or is it included as part of another txout with a value and being sent to an actual address? How is the data represented when reaching the other end?

If I have asked the wrong question it could be due to my limited understanding of how scripting is meant to be used. In which case links to resources explaining this better would be appreciated.

Thanks


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