HTML 5 is the next major revision of the core markup language of the World Wide Web. HTML 5 is said to have a big transition in Web application development that might even make plug-in-based rich Internet application (RIA) technologies like Adobe Flash, Microsoft Silverlight, and Sun JavaFX obsolete. The ideas behind HTML 5 were initiated in 2004 by the Web Hypertext Application Technology Working Group (WHATWG). HTML 5 incorporates Web Forms 2.0, another WHATWG specification. The HTML 5 specification was adopted as the starting point of the work of the new HTML working group of the W3C in 2007. HTML 5 provides a number of new elements and attributes that reflect typical usage on modern Web sites. Some of them are replacements for common uses of generic block <div>and inline <span>elements, for example <nav> (website navigation block) and <footer> . Other elements provide new functionality through a standardized interface, such as the <audio> and <video> elements. Some elements in HTML 4.01 have been dropped like <font> <center> in which the effects are defined in the stylesheet.
There are also new APIs, such as:
* The canvas tag for immediate mode 2D drawing
* Timed media playback
* Offline storage database
* Document editing
* Drag-and-drop
* Cross-document messaging
* Browser history management
* MIME type and protocol handler registration
More details here
