The good news, looks like it's getting some corporate sponsorship:
HTML5 Standardization Gains Sponsorship
Not sure if this one is good or bad. The snapshot version of the HTML5 standard now has four editors. Guess it all depends on how well they work together.
W3C names not one, but four HTML5 editors
And for the bad news, some indication that HTML5 isn't working out just yet, and native apps are still the way to go, at least for mobile devices:
HTML5 is overhyped, no threat to native iOS and Android apps
iQU's Fraser MacInnes on why web-based mobile games are faltering