The updated IFRS taxonomy 2009 is now available for public comment.

According to CFO Magazine, when complete, the IASB’s XBRL project should make reporting financial results "easier, more accurate, and more easily compared." Some believe the tagging language of XBRL will help move companies toward IFRS.
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International rulemakers release a "nearly" final version of their XBRL tool, and many see it as a major step toward IFRS. by Marie Leone and Alix Stuart - CFO.com | US
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The closest thing the global accounting community has to the Rosetta Stone — the international financial reporting standards taxonomy for 2009 — was released on Monday for public comment by the International Accounting Standards Committee Foundation. It is the centerpiece of the foundation's XBRL (extensible business reporting language) project, which when completed should make reporting financial results easier, more accurate, and more easily compared — a big benefit for investors and analysts.
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The so-called IFRS Taxonomy 2009 is a translation of the international standards — as they were issued on Dec. 31, 2008 — into XBRL, the Internet data-tagging language that is being touted by the IASC Foundation as "rapidly becoming the format of choice for electronic filing of financial information." Essentially, the Internet-based language is a dictionary of data tags that explains each tagged number and how it should be treated under IFRS.
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Read the full article at: http://www.cfo.com/article.cfm/12922112/c_12919422?f=home_todayinfinance
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Read the SEC thesis at: http://sec.gov/news/speech/2008/spch121708mwg.htm