It seems that HTML 5 is going to be supported (partially) by Firefox 3.1 and other browsers. It is adding support for video and audio as tags, but these are new tags that XH
Myths and misconceptions abound in this thread.
XHTML 1.0 is older than HTML 5. It cannot use any new vocabulary. Indeed, its main selling point was that it uses exactly the same vocabulary as HTML 4.01.
There will be no XHTML 1.2 - most probably. And it is not needed. XHTML 5 is the XML serialization of HTML 5. Identical vocabulary, different parsing rules.
HTML has never been treated as true SGML in browsers. No browser has ever implemented an SGML-compliant parser. HTML 5 will make this fact into a rule and the HTML serialization will follow todays de facto standard. One could perhaps say that it is "SGML-ish".
As it has been stated, the DTD serves exactly one purpose IN BROWSERS, and that is to distinguish between standards compliance mode and quirks mode. Thus it affects only styling and scripting. If you are using frames on a page with astrict doctype, they will render just fine. As will
Video and audio can be used regardless of serialization, XML or HTML. they are part of both HTML 5 and XHTML 5. Once the parsing stage is over a browser will have constructed an internal DOM of the document. That DOM will be for all practical purposes the same regardless of serialization. And yes, XHTML sent with text/html is still normal html, regardless of doctype.