Yes HTML5 is the future but just as much as the transition from IE6 will take time, so will the transition to HTML5 mind you HTML5 is still in beta at W3C its not a standard yet. Many people went all HTML5 when the technology was over-hyped but many have rolled back to using Ajax. HTML5 is a beautiful piece of technology that will really revolutionize web application development, the 3 horseman (html, css & javascript) of the web will have more power coupled with svg and smil the distinction between web developers and web designers wil become more apparent and web engineering/web science will grow as a standalone academic field of study.
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