I will reserve judgement until I see the HTML5 output, as generated code has a track record of being either a) unmaintainable, unmodifiable or b) doesn't work very well.
The FXG format basically describes the layout to pixel precision. Anyone using the HTML5 export would have to be willing to expose their layout secrets.
Combined with HTML5 <video> and <audio> elements, there's really only webcam and cursor access that I can think of missing in this kind of implementation. Cool!
This is a good thing: Adobe/Macromedia's expertise on the authoring tools combined with a good open platform instead of their proprietary backend. I have no complaints against the former, and if the latter will work out it's just a plain good move.