As something of a glorified preprocessor, there is a limit to how much it can "make the language better". However, they will probably be able to get a bit of hacker mileage out of code generation, and I can see how you could add features which would be handy (such as first-class anonymous functions; though good luck making that look like "idiomatic PHP code"). It is too bad, however, that they didn't decide to make HTML tags first-class entities in the language; although, of course, this is all vaporware at this point.

Anyone who is interested in new languages specifically designed for web programming should also check out: http://www.impredicative.com/ur/