Folks, following up on my action item from TPAC 2011 (yeah, I know...), the DOM Parsing and Serialization Editor's Draft specification has been created!
http://dvcs.w3.org/hg/innerhtml/raw-file/tip/index.html
A list of active bugs against the spec are being maintained against this component in the Bug tracking system:
https://www.w3.org/Bugs/Public/buglist.cgi?product=WebAppsWG&component=DOM%20Parsing%20and%20Serialization&resolution=---
I've also taken the liberty of updating the PubStatus section of the WebApps Wiki for this WG deliverable:
http://www.w3.org/2008/webapps/wiki/PubStatus
Thanks!
-Travis