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
You might be looking at the problem the wrong way because the relationship to XHTML 1.x section, HTML 5 states:
"This specification is intended to replace XHTML 1.0 as the normative definition of the XML serialization of the HTML vocabulary."
Now that language is controversial (the XHTML 2 WG has disputed it and the HTML WG is trying to resolve the differences...) but that's where we stand right now.
A couple of notes: