From Adobe Systems:
The Scalable Vector Graphics (SVG) format is set to revolutionize the way graphics look on the Web. What is it? Quite simply, SVG is an open-standard vector graphics language that lets you design Web pages with high-resolution graphics that can contain sophisticated elements, such as gradients, animation, and filter effects, using plain text commands. SVG promises to bring precision and quality to Web graphics and design, delivering the layout capabilities, choice of fonts, interactivity, and colors that make a site shine.
What's new in this version:
More Elements More CSS Properties More DOM Support New Platforms Faster, More Powerful