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Clay Shirky on the Semantic Web and Tim Bray answering both are very nice reads.
Interestingly Tim mentions XBRL:
Now, I wouldn’t go so far as to assert that all the inferencing-machinery goodness that TimBL prophesies and that Clay Shirky pisses on, both from a great height, would spontaneously emerge. However, if all of a sudden there were a million machine-readable business facts there for anyone to read, I think that quite a few software-savvy and accounting-savvy entrepreneurs would retreat into their garages and there would be some considerable surprises in store.
8:09:23 AM 
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