XForms is an important standard for encoding the core XML data processing asset of a forms application for multiple reasons.
For one, it fills the gap of schema languages, which are predominantly focused on describing what constitutes correct data that should drive server-side transactions. XForms codifies what it takes to get from an empty initial instance of a schema to a completed correct instance of a schema.
Another reason is that XForms provides an efficient language for doing the above, one that is based on such well-known and time-tested techniques as the Model-View-Controller design pattern, declarative formulas based on the spreadsheet algorithm (the second killer app of computing), and asynchronous event-based scripting. Frankly, the scripting capability is very effective for two reasons. First, each command is fine-tuned to the data by all the declarative constructs, so each line of script can do the work of 10 to 100 lines of purely imperative code. Second, the scripting in XForms actions are quite focused on mutating the XML data, so you don't get the baggage of a general purpose language that can create arbitrarily complex data structures that exist only in the memory heap of the run-time processor.
On the one hand, one could conclude that all of these language efficiency and simplicity aspects of XForms are beneficial to application authors who write XForms. But on the other hand, it turns out that the crown jewel is that the language efficiency and simplicity of XForms reverberate into the design tools that can all authors to write the application for a schema without much exposure to pointy brackets, much less coding.
To illustrate the point, I've created a 12 minute video of an XForms design experience on developerWorks to help show you more about what can be done with XForms based on a wizard-driven, point-and-click visual design experience. This video is similar to what I presented in the developer track at WWW 2007 in Banff. Please check it out and let me know what you think.