I'd be OK with a "common core" that's cross-browser, and the browser makers continuing to support their own extension APIs as well, IF the "core" API never becomes as powerful as the old, native APIs. I'd hate to see the native APIs go away completely though, as I don't like the idea of artificially restricting the range of possible plugins.
Then again, I am already annoyed by Chrome ditching NPAPI and leaving us in a place where, AFAIK, you can't run the Java plugin in Chrome. OTOH, JWS still works (I think) which is something at least...