Paul--The only part of your post last night I did not rave about was your speculation that MS would engage in a joint R&D venture (or direct MS capital infusion) with WAVE. In such a scenario, WAVE would be regarded as a transparent front for Microsoft, which would enable them to nefariously try to monopolize not only the PC platform but the Web/Internet Platform, as well, via the Embassy OS.
Of course, a MICROSOFT announcement that they would be using Embassy as a key component of JANUS, is another angle of how MS could massively assist WAVE. A JANUS/WAVE type scenario appears more reasonable and likely, than a simple unilateral infusion of funds (or R&D) into the WAVE coffers.
WAVEs EMBASSY = THE COMMON DENOMINATOR "SWISS" DEFACTO PLATFORM FOR TRUSTED WEB SERVICES