Imagine all the world's computers running in a single unified address space. All network access is abstracted away, loading a resource is as simple as loading a memory address.
It would be like a new golden era for C! Rather than using URIs or some sort of XML addressing schema or whatever else people decide to invent, instead, all the world's information and knowledge from all around the world (solar system, universe?) is available through one unified address space.
Although I imagine we'd still need some sort of DNS system running on top. ;)