* Is the language having the most important performance gains lately.
* Growing support from both corporate (Yahoo, Apple, Google) and free software (Mozilla) camps.
* Gains market with HTML 5 (just the canvas element alone makes a huge difference for JS based software.)
* Better frameworks for both UI and client-server software.
It's funny how things turn.
Are they still rock bottom?
I admire Javascript because it covers so many paradigms, and yet is, at the core, very simple and straightforward. Much as Lisp is to lists, Javascript is to hashes. Also, there are some really interesting projects in early stages that are taking Javascript out of the browser. For example, when Google released the code for v8, Marc-André Cournoyer from the Ruby community slapped together a project that translated Ruby to JS and ran it through v8 (http://macournoyer.wordpress.com/2008/09/02/ruby-on-v8/).
Finally, I think it's worth noting that if you believe the "cloud" is the future, then Javascript is the de facto machine code of the "cloud"...
I didn't mean to underestimate JavaScript, which is why I gave it its own section. Perhaps I was too brief? Implication that its only useful in the browser?