Is Microsoft crazy to implement HTML5?

This New York Times article seems to suggest that Google has the potential to threaten Microsoft’s software reign by undermining it in the “cloud computing” space (web apps). Although the numbers don’t add up (yet), Google has the potential to steal a significant part of Microsoft’s market share in the Office space in the future by creating great web-based software. This will eventually weaken Microsoft’s because of its inability to adapt/compete due to its archaic software development/release cycle. If Microsoft implements HTML5 in all its awesomeness, will it leave itself more vulnerable to companies developing software for the web? Or, as the dominant browser vendor, will Microsoft be able to adapt many of it’s products to run on HTML5 before the rest of the industry can respond… I guess it depends, to some degree, on how much market share other browser vendors can steal from Internet Explorer. Hixie is right, this may just be “a good position for the industry to be in.”

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