But the bigger problem is that HTML has effectively been abandoned to four companies: Apple, Google, Opera, and Mozilla. They are deciding the actual fate of HTML, not a truly independent standards process.
I'm just grateful that Microsoft isn't deciding the fate of HTML. Mozilla, at least, is a FOSS outfit. Google is a big enough corporation to counterbalance Apple, and Google hasn't proven inimical to FOSS yet. Apple hasn't been much for embracing/extending/extinguishing open standards, and Opera is too small and too European to do any real harm.