Standards often are made by insiders, established players, vendors with something to sell and so something to lose. Web standards bodies organized as pay-to-play consortia thus leave out developers and users, although vendors of course claim to represent everyone fully and fairly.
I've worked within such bodies and continue to try to make progress in them, but I've come to the conclusion that open standards need radically open standardization processes. They don't need too many cooks, of course; they need some great chefs who work well together as a small group. Beyond this, open standards need transparency. Transparency helps developers and other categories of "users" see what is going on, give corrective feedback early and often, and if necessary try errant vendors in the court of public opinion.
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The First Law of the Internet is that Interoperability trumps everything - including innovation. The problem with vendor driven open standards is that innovation ontinually trumps interoperability. So much so that interop is pretty much an after thought - as is the case with ODF and OOXML!
The future of the Open Web will depend on open source communities banding together with governemnts and user groups to insist on the First Law of the Internet: Interoeprability. If they don't, vendors will succeed in creating slow moving web standards designed to service their product lines. Vendor product lines compete and are differentiated by innovative features. Interoeprability on the other hand is driven by sameness - the sharing of critical features. Driving innovation down into the interop layer is what the open standards process should be about. But as long as big vendors control that process, those innovations will reside at the higher level of product differentiation. A level tha tcontinues to break interoperability!