And is such formalization necessary? The potential for misunderstandings is big there.
If this was named "Gavin's Bitcoin Development Group" I'd probably be perfectly fine with it. "Bitcoin Foundation" is a lie in its own name, and will certainly provoke misunderstandings.
Very well. I understand your concern for big misunderstanding. However, I think they are overblown.
HTML5 doesn't have enemies. And HTML5 is not really significant to me, so I just don't care. About Bitcoin I do care though.
Sure it does, but they are weak or insignificant or they have become part of the HTML5 army. Think of android, for example, they have lot of powerful enemies.
IF the bitcoin foundation can convert enemies to allies, it will done quite well for itself. Even if the bitcoin foundation is only used to fund Gavin, it would be worth it.