Innovations like these (if not needing to switch VTs even counts as an innovation) pale in comparison to innovations like network transparency, which will be missing at first and eventually present but crippled in Wayland.
The ability to ssh to another system, launch a GUI app, and have it display on the system you're SSHing from has always set Unix+X apart from Windows and Mac OS. I can't believe this is being tossed aside so you can have cross-fades and rotating cubes when switching between sessions.
It's true that network transparency will be possible with Wayland, but it will be some sort of VNC-like pixel scraping approach, which has never worked as well as native X forwarding. Network transparency will be a second-class citizen in Wayland.
See http://tech.slashdot.org/comments.pl?sid=2699657&cid=391... for some more disturbing problems with Wayland.