You are looking at the HTML representation of the XML format.
HTML is good for debugging, but is unsuitable for application use.
Specify the format parameter to change the output format.
To see the non HTML representation of the XML format, set format=xml.
See the complete documentation, or API help for more information. 
<?xml version="1.0"?>
<api>
  <query-continue>
    <alltransclusions gatcontinue="NO|2590" />
  </query-continue>
  <query>
    <pages>
      <page pageid="1230" ns="1" title="Talk:Internet Relay Chat" />
      <page pageid="2133" ns="1" title="Talk:HomePNA 2.0" />
      <page pageid="2265" ns="1" title="Talk:MythTV for Linux" />
      <page pageid="2269" ns="10" title="Template:Note box" />
      <page pageid="2270" ns="10" title="Template:Warning box" />
      <page pageid="3563" ns="0" title="Zenity" />
      <page pageid="3641" ns="10" title="Template:Lowercase" />
      <page pageid="3866" ns="10" title="Template:Bg" />
    </pages>
  </query>
</api>