Recently through one of my friends i came to know about the development of a new verification methodology UVM.The UVM ( Universal verification methodology ) is being standardized by Accellera Technical Subcommittee (TSC) and claims to solve the system verilog cross methodology interoperability problem. This methodology is being suppored by all the 3 major EDA vendors synopsys, cadence and mentor. The advantage of switching to this methodology (when it is available) is portability of the methodology across different vendors. The base code for this methodology will be from OVM version 2.0.3.The base classes for UVM methodology is expected by Q1 2010.
It is still not clear about the backward compatability of this methodology with OVM. To me backward compatibility with VMM is out of question as the base code for this methodology is from OVM.