Information and communication infrastructures underwent a rapid and extreme decentralization process over the past decade: From a world of statically and partially connected central servers rose an intricate web of millions of information sources loosely connecting one to another. Today, we expect to witness the extension of this revolution with the wide adoption of meta-data standards like RDF or OWL underpinning the creation of a semantic web. Again, we hope for global properties to emerge from a multiplicity of pair-wise, local interactions, resulting eventually in a self-stabilizing semantic infrastructure. This paper represents an effort to summarize the conditions under which this revolution would take place as well as an attempt to underline its main properties, limitations and possible applications.