New X Roadmap from Jim Gettys
A reader points to a roadmap on freedesktop.org that provides a good summary of what is out there for *nix desktops, with emphasis on X but also covering some other areas.
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The only way I could see Y going much of anywhere is if it allowed you to run X apps too. There are just too many damn X apps out there.
Look at the roadmap.. transparent windows work already in the fd.o X server.
X locking under load is an implementation issue really, and if you happened to look, the fd.o people have a new X server they're working on, which will likely get a lot more attention in this area (and every other area) than XFree. Recent Linux kernel improvements have also supposedly made X much more responsive.