YUI 3.0 is looking really good. They’re addressing the key complaints with YUI 2 which is file size (dependencies are now included only as needed), execution speed, and code power (doing a lot with less code). It also looks like they’re taking some cues from jQuery.
I’m really looking forward to a faster, cleaner, rapid-prototyping YUI library. The quality of current-generation YUI widgets (such as the YUI rich text editor, DataTable, and Panel controls) is really impressive, I hope that it remains so after version 3 lands.