[user24]

Fair enough, but that is a technical limitation which is trivial to get around:

    <setsrc>
      <img src="foo.jpg">
      <set src="foo1.jpg" width="100">
      <set src="foo2.jpg" density="2">
    </setsrc>

Always be wary of allowing arguments that hinge on "it's not technically possible" to shut down good ideas.

[Kilimanjaro]

FTFY

    <imgset>
      <img src="foo.jpg">
      <img src="foo1.jpg" width="100">
      <img src="foo2.jpg" density="2">
    </imgset>

[tubes]

Not a good idea. Browsers that do not support imgset would show all three images using that syntax. A new element name like "<set>" would be ignored by them.

[Kilimanjaro]

CSS to the rescue

    imgset img{display:none;}
    imgset img:first-child{display:block;}

Same with modern HTML5 tags, modernizer or any other tool would handle that for you.

[user24]

Not really, what about browsers that don't support first-child? Backwards compatibility is important.