The most recent Wayland announcement came this weekend on Phoronix when Wayland gained support for surface transformations. Not only can Wayland surfaces now be transformed in interesting ways -- either for useful purposes like zooming-in on your desktop or just being used to show-it off and "desktop bling" -- but Wayland is even properly handling the input transformations (something that's been a problem in the X.Org world).
A Phoronix reader, who has also been working on a Wayland LiveCD demo of this interesting next-generation Linux desktop technology, has already made a video of the surface/input transformations in action. If you're interested in seeing this Wayland/Weston support today, watch the video embedded below.
The Phoronix reader, "nerdopolis", has also posted some other interesting Wayland videos lately.
Here is GTK and Qt applications, among others, running natively on Wayland. For some light desktop use-cases, using Wayland instead of a traditional X.Org server may soon be a possibility. The Qt 5.0, GTK+ 3, and Clutter support for Wayland all is coming together nicely along with the EFL/Enlightenment support.
Kristian Høgsberg, the founder and current leader of the Wayland project, will be speaking this weekend at FOSDEM 2012. Kristian will be showing off some interesting progress with Wayland so if you won't be in Brussels, be sure to check out the coverage (including audio/videos) on Phoronix after the event.