Waiting for "Accelerated 3D on the Web"

Yesterday, the Khronos group published a press release entitled "Khronos Launches Initiative to Create Open Royalty Free Standard for Accelerated 3D on the Web". That sounds like a candidate for enabling GEF3D editors within Eclipse RAP applications :-D The project sounds a little bit like Canvas 3D. With the X3D exporter, we learned that it is possible to use renderes other than OpenGL/LWJGL. But I'm not an Ajax expert, so I'm not sure how interactive 3D could be possible in that context. But it's nice to have visions ;-)