The document discusses the current state and failures of the EXT:palm extension in TYPO3, which provides object to XML mapping. It outlines the extension's features for generating XML schemas from domain models and serializing/unserializing between XML and objects. However, it fails due to using global definitions, inability to output different XML, flawed TS configuration, high memory usage from multiple object representations, and slow reflection. The vision is to implement custom binding and compile it to avoid these issues and gain performance. It asks for feedback on an example alternative binding approach.