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Having been in development for more than seven years, HTML5 can now be considered complete after its creators, the W3C HTML Working Group, announced it has reached a finalised standard for the platform.

From Silicon Republic:
The group that exists within Microsoft’s development body in Canada had been developing the latest internet standard back in 2007, but in its official announcement written by the group’s co-chair, Paul Cotton, a lot had changed during this time.

Since the beginning, he claimed, the group has worked through more then 4,000 errors, ambiguities, and controversies that were resolved across 45,000 messages since March 2007.
  After 7 years, HTML5 is now complete