Supposedly, there are plans to expand it to where it looks more like a virtual machine and less like ASM. Adding things like garbage collection, direct DOM manipulation, polymorphic inline cache, etc. Things that would make it possible to run a decent scripting language without pulling in some huge runtime.
Or forgetting the scripting languages, just the direct DOM access might make it less tedious to use with compiled languages.
It's sort of a second run at getting "applets" right, but in a cross-language way.