I've always said I want to be more involved with the -standards- sorry reconmenations the w3c.org do. One of the top ones would be CSS3 or the next one.
Anyway mezzoblue's blog about the new standard has been recieving some interest.
My thoughts are simular to mezzo's, about why designers dont get involved. I mean no disrespect to anyone but wasnt xslt ment to be for designers to use? Thats a serious gap between reality and wishful thinking.
Anyway the spec looks good so far but yeah this will keep a few flash heads happy for a while…
Transparency will be available anywhere you can use colour.