Google, BBC, Facebook, and other big names sponsor the “Open Web Foundation”. They are ignoring W3C and OASIS! Ok… you have to pay to participate in those organizations. But IETF???? Dare Obasanjo has some more detailed commentary on the announcement.
Nevertheless, this is going to be a great organization to monitor. With such Web heavyweights behind it, I expect specifications with wide adoption (in terms of implementations) to emerge.