The test files in ml-proto/test were originally name with a '.wasm' extension. However, we might expect .wasm to eventually be the filename extension for the official binary format. I propose we use '.wase' for the S-expression text format.
I accidentally committed a patch implementing this to master in be2b6ea which renames the files to '.wase', rather than submitting a pull request. I'm happy to revert it, or I'm happy to submit a new patch using some other extension, following whatever consensus we get here.