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XML tries to be all things to all people to the point that it becomes meaningless gibberish.
When it comes down to it, XML is serialized data with inline descriptors. Big whoop. XMLized data is bigger thanks to all of the markup and requires more computing resources to process all of the meta information.
And the much-touted "XML is a universal means of exchanging data" is a red herring as well. Markup in an XML file does not transfer understanding of what the data means -- and that is the key thing.
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