First of all I don't think that "compatibility will reign". It's more like once the industry really starts picking up RISC-V, fragmentation will reign (at least for a decade or so).
It's also quite likely (IMO) that we'll see a "next generation" rather sooner than later, i.e. "RISC-VI". RISC-V, with some agreed upon extensions, may become the norm for Android, mobile, automotive and so on, but for the high end (servers, gaming, etc) I think that the industry will push for a different philosophy than the RISC-V authors originally envisioned - and that could become a new "revision" if you will.