This is good news, no doubt this new initiative will move the mobile web forward, something that’s needed to be done for some time now. Not only that, they have some solid support from current cell providers like Vodafone and France Telecom. Not to mention Hewlett Packard.
I can see this moving forward very fast, I guess it’s in everyones interest. Due to the big financial backing, and huge practical implications, there’s obviously some money to be made through the mobile web.