[Vlad has already mentioned this in numerous existing threads on webfonts, but I think it is an important development and one that deserves its more general attention, especially from those who may wish to contribute to or monitor the webfont standardisation effort.]
Today the World Wide Web Consortium announced the creation of a webfonts working group, following their usual lengthy approval process. Details of this working group, including the approved charter, were posted to the W3C font discussion list today by Chris Lilley:
http://lists.w3.org/Archives/Public/www-font/2010JanMar/0044.html
As my dog would say: Woff! Woff!

