SVG 1.1 and Mobile SVG
Erik gave me the link to this slashdot article, which references the W3C's website:
15 November 2002: W3C is pleased to announce the advancement of Scalable Vector Graphics (SVG) 1.1 and Mobile SVG to Proposed Recommendations. Comments are welcome through 20 December. SVG delivers vector graphics, text, and images to the Web in XML. SVG 1.1 separates the SVG language into reusable building blocks. Mobile SVG re-combines them into two profiles optimized for cellphones and pocket computers. (News archive)
You would think that this CNET article would have said something about Mobile SVG, but no dice. I think Mobile SVG will make huge inroads considering that the alternative and how lightweight it is.