I don't use Qt but at a glance QML sounds like XUL all over again to me, and we all know how great the UI's created with XUL are.
I feel the QML language is in a embrionary state yet, they are writing the use cases and writing the language at the same time, which will in time show some redundancies in the concepts they use now. Example: 1)there should be more (multiple) inheritance so that we could derive from QML elements like we do in OOP; 2) there was no ability to access the items ids like in a DOM tree.
But what sets a project IMHO is the ambition and the goals. And this team has both, and their work will deliver.