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See https://lists.w3.org/Archives/Public/public-webapps/2013OctDec/0418.html At some point (perhaps post-V1), there should be a convenient declarative syntax that combines script and a template to define a custom element. JavaScript frameworks on top of web components provide something like this. Perhaps with field experience we can make a standardized common syntax. Specifically, such a syntax needs to be compatible with an isolated cross-origin component.
Moved to https://github.com/w3c/webcomponents/issues/136