From the W3C website:

The Mobile Web Best Practices Working Group has released a Last Call Working Draft of Mobile Web Best Practices 1.0. The draft describes how to produce Web content and Web sites intended for delivery to mobile and small-screen devices. Written for all participants in the mobile value chain, the document is designed to improve user experience. Comments are welcome through 17 February.

Read about the W3C Mobile Web Initiative, a joint effort by authoring tool vendors, content providers, handset manufacturers, browser vendors and mobile operators: