The web design community has been hearing about the need to develop new technologies that could function with older web browsers since 2004. The World Wide Web consortium has targeted 2014 as the date for full recommendation of HTML 5 and they are developing a test suite to evaluate its operability.
Back in 2006 noted software engineer and HTML 5 editor Tim Hickson targeted 2022 as a possible full recommendation date. It seems that 2014, by that standard, is highly optimistic. This may be confusing to those less involved in web design because there are many elements of this specification already in use.
The good news right now is that there are many working advantages to HTML 5 like the fact that it can eliminate the need to use Flash and it is compatible with the iframe. These features address major sticking points that the web development community had with HTML 4.
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