I am very excited about the potential knowledge engineering possibilities opened up by this large structured datasets.
I believe that at the very least we're going to have within a generation a machine-generated ontology to rival Kant and Aristotle. Then we'll have to figure out if this tells us more about how we've digitally organized the knowledge we have or whether it does in fact reveal something about reality and being.
Besides 'subclass of' and 'part of' are there any other taxonomic ways for concepts to relate to other concepts? There are parallels here of course with object-oriented-programming. It's funny, I only within the last year or so started reading up on mereology[0] but as soon as one starts thinking about concepts and there relationships one ends up there eventually. 'part of' is like encapsulation. 'subclass of' is like inheritance. Is there more?
[0] (from the Greek μερος, ‘part’) http://plato.stanford.edu/entries/mereology/