HyperNet is an innovation-optimized Internet. There are five layers involved in a global knowledge working fix. HyperNet is the final layer on these fixes.
The first layer is the tranformation of the social grid to a user-centric Internet. See CLOUD, Inc. for a great explanation of what this is and how it works: http://cloudinc.org/
The second layer is establishment of an electronic civic space. Physical and virtual civic spaces have been decimated, especially in the U.S. I think many tech companies are attempting to privatize electronic civic space assets by creating profit centers around them. Personally, I think we need a '.pub' domain that is funded and built through corporate social responsibility programs, volunteers, and national governments. I-Open is a great example of a civic space Internet and the kind of content that belongs there: http://i-open.posterous.com/
The third layer is to fix the mechanics of the copyright system. Copyright is pretty much a global process