No it's not a toy language that's for sure. Anyone who has read the ES4 draft will concede that it's not something you just play with. In fact I haven't seen such a bloated monstrosity since the day I read the UML 2.0 spec.
Just read the section about packages and namespaces and you're going to want to kill yourself. And they're making the same mistake as C++, Java and C# before. They don't include generic types (aka templates) from the start. The language includes everything plus the kitchen sink and the dirty dishes too, but they're not including generic types even though everybody now knows that statically typed languages without type parameters don't fly. You can be absolutely sure they're going to add it in the next version and, as always, it won't be pretty.
I really hope Microsoft is successful in slaying this monster once and for all!
I'm not aware that I said anything about Microsoft's design abilities. I'm hoping for Microsoft's clout to kill something I consider horrible language design. And I don't care the least what Microsoft's motivations are. Just read the ES4 draft and then let's have a debate about that design if you like.
I played with AS3, not only were I not impressed, I hate how it is a scripting language yet more verbose than java. I'm not saying AS2 is any better. AS3 fixed many things that were wrong in AS2, but at the same time, they bloated it to a point were it is not really a scripting langauge anymore.