You've asked two questions, though you may not realize it:
<< Will the later steppings of the P4 be compatible with the i850? >>
Yes they will.
<< Will Intel also be manufacturing the newer .13 micron Pentium 4 in a socket-423 format? >>
Don't believe so.
The i850 chipset will be the same chipset for both Socket423 and 478, much like i440BX boards are available in both Slot1 and Socket370, the i850 will be available on motherboards in two flavours, the core logic set itself will be the same though I think.
But I don't think the .13um P4s will be available in Socket423.
(I heard they might be calling the Socket 478 version i850E or something like that, but I think they dropped that to stop confusion, I'm 95% sure the core logic set is the same)