While this might seem like great news, Mr. Mundie as diligent in avoiding any specific commitments, such as the simple one of guaranteeing that any Microsoft application will be able to export to an openly-published, patent-unencumbered, standard format, without loss of information. While the presentation went ahead to extol the virtues of meta-data, and the use of XML data formats, Mr. Mundie somehow omitted to mention that XML does not automatically imply openness, or freedom from patent restrictions. Finally, it seems to be the opinion of Mr. Mundie that industry standards are needed to keep a check on "unconstrained innovation", which leaves me wondering how Microsoft knows about innovation, unconstrained or otherwise.
Certainly a core issue: what would they offer to ISO member organisations?