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XHTML 2 discontinued

The W3C announced that it will drop XHTML 2 in favor of HTML 5. It’s a sad thing because the XML well-formedness could have spared a lot of effort and processing power on different platforms. It easier to write an XML parser, than an SGML parser and since Leonardo Da Vinci we all know that simplicity is the ultimate sophistication so I feel XHTML more symphatic. But we shouldn’t fear, the guys previously working on XHTML2 will boost the finishing of HTML5, and after it is finished, we will have an XHTML5 :).