@donnacha of WordSkill - gloss != innovation, to be sure.

I've been rooting around in core, and while I see some truly hair curling code, I also see both vast opportunity for improvement... and that improvement actually taking place.

One of the most exciting things I've seen lately is a plugin which emits a static site from a WordPress installation. Obviously, commenting has to be handled 3rd party, but that's not a bad thing. I'm currently writing static sites with combinations of POSH, Erb and various and miscellaneous Ruby utilities and Rake files. Static html from WP sounds pretty darn cool.

I have to agree, WordPress' potential has barely been scratched.