They have been working on it for years and it seems ready to go now. I believe that the SAFE network could be our chance of re-making the internet from the bottom up, using our own resources instead of centralised servers for our data and our communications.
Project SAFE (Secure Access For Everyone) aims to create a decentralized and secure Internet 2.0 (here is a whitepaper). The SAFE Network is a secure and fully decentralized data management service. The network is made up from the unused computer resources provided by the network users.