[1] http://en.wikipedia.org/wiki/Electronic_data_interchange
[1] http://en.wikipedia.org/wiki/Electronic_data_interchange
From a product standpoint, schemas are small technical details with relatively low influence on the outcome: it just needs to work. Unless you're operating at extreme scale, you should put much more work into whatever you actually do with the data.
Semantic Web people talk about the Semantic Web because it's what they do. They don't just build X, they create an ontology to build X, which somehow makes X better. And, most likely, slower.
But then i am something of an existentialist and doubt the transcendent reality of logic and reason.
http://interconnected.org/home/more/2005/06/1000Plateaus00Rh...
(You seem philosophically-minded)
The Semantic Web cannot die because it is multiple concepts and no single concept at all. The Semantic Web is ideas not (just) implementations, and ideas never die.