Multi Column layout in CSS

"The World Wide Web consortium's (W3C) CSS working group recently released a draft of a new multi column layout module - to be included (with possible modifications) into the CSS 3 specs... The use of the column-box (or column for short) will specify that content within a content-box flow in a columnar fashion. Just like table cells in an HTML table... The implications for web developers coding in CSS are tremendous. The only way to create multiple columns in CSS now is by jumping through hoops..."

Indeed, this sounds very promising. While the sample shows columns of text, it is assumed that this could be leveraged for layout purposes as well.