Read this today. The Semantic Web is finally starting to arrive, or at least finally a lot of people are working on tapping into the potential of the semantic web. I initiated a project in this area about 3 years ago, which has an interesting twist of how to use the Semantic Web. But I think there is still a long way to go, before the Semantic Web will mean anything useful for most people.
After my summer vacation I will try to elaborate a bit more on my ideas of the Semantic Web, and some ideas for new projects that that will accelerate the use of the Semantic Web.
To see more about semantic web, try this demo.