Re: [whatwg/dom] Improving ergonomics of events with Observable (#544)

Thanks @benlesh for starting this. There've been mumblings about a better event API for years and with Chrome's interest this might well be a good direction to go in.

Apart from browser implementers, I'd also be interested to hear from @jasnell @TimothyGu to get some perspective from Node.js.

Another thing that would be interesting to know is what the various frameworks and libraries do here and whether this would make their job easier.

>From what I remember discussing this before one problem with this API is that it does not work with `preventDefault()`. So if you frequently need to override an action (e.g., link clicks), you can't use this API.

cc @smaug---- @cdumez @travisleithead @ajklein 

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