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An alternative to design-by-committee is design-by-competition. In this model, the committee come up with the requirements and competitors agree to pool IP for the standard. Each competitor submits a draft standard written by (more or less) one person, and the panel select one.
This was the model used to select Rijndael for the AES ( http://www.cs.rit.edu/~mds1761/cs705paper.html ). The AES was a very tightly focussed set of requirements though, and I doubt that it could be done with a wooly mammoth like XSLT2. However, a competition between W3C schema and RELAX NG may have been possible...with a different winner?
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