"Finally we’d like to explore even larger ideas like moving the entire Document Object Model (DOM) into JavaScript. This has the potential to make JavaScript DOM access dramatically faster"
This is interesting...one of the new javascript frameworks on the block (React.js, http://facebook.github.io/react/) has made use of a 'virtual dom' which basically does a diff and compares it to what was already rendered and then does minimal changes to express the new state based on that.
From what I hear (I have yet to dive into React, although I plan on it) this makes it VERY fast...because the DOM is essentially touched as little as possible directly.
http://www.chromium.org/blink