I just read on CMS Watch that Microsoft may be re-energizing their efforts behind MCMS. The news comes from a presentation made by Mark Harrison (see blog entry for slides) which indicates MCMS 2002 will coexist and integrate with SharePoint. The slides also reference the vibrant community of add-on providers including Artemis's Open Source MCMS.Rapid solution which creates a starter site that can be used to kickstart MCMS development. However, I would expect Microsoft to cannibalize any worthy innovation.
There is a mention of special solutions for industry verticals (a theme that I have been hearing a lot in the CMS space). Currently there are solutions being developed for municipalities and health care