W3C HTML Working Group chaired by Microsoft?????

456 Berea Street have this interesting piece of info on the new W3C working group. It makes me feel a little nervous to say the least!
When Tim Berners-Lee announced in October last year that the W3C would charter a new HTML Working Group to reinvent HTML, there was plenty of discussion about what that would actually mean. For the Web, for the WHATWG, who have been working on HTML 5 a.k.a. Web Applications 1.0, for XHTML 2. So this move clearly interested many people.