Just read this news article and am very glad they are finally making some progress on this "ancient" technology!
The acronym stands for Unified Extensible Firmware Interface and is designed to be more flexible than its venerable predecessor.
"Conventional Bios is up there with some of the physical pieces of the chip set that have been kicking around the PC since 1979," said Mark Doran, head of the UEFI Forum, which is overseeing development of the technology.
Mr Doran said the creators of the original Bios only expected it to have a lifetime of about 250,000 machines - a figure that has long been surpassed.
Source: BBC Technology News