No.
HTML 4.01 was to be the last update on standards of HTML.
HTML wil go no further, the standards are moving in towards cleaner and more efficient coding, in XML and XHTML.
HTML has fulfilled its potential, most elements can be style with the usage of CSS and efficient markup, rather than <font> tags, <bold> tags, and the such like.
So yes, HTML Has fulfilled its potential, clean markup is the new future. And it cannot be compared to programming such as php and asp.