>I wonder if this will hurt the ISO and its credibility.

I doubt it.

> If one can 'stack' the deck with voters as it seems MS is doing, then can 
> the 'statements' and 'recommendations' that are made by the ISO be taken 
> as seriously?

Well pretty much all of what the ISO does is based on requirements from 
industry.  The large companies get to drive the direction of ISO just 
because they usually have so many suppliers/customers around the globe. 
It's not just PC software, Nokia and car manufacturer consortiums do exactly 
the same thing to get their standards recognised by ISO.

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