Berners-Lee was successful with the Web because it was not an academic idea like Nelson's and Engelbart's hypertext, but it was a pragmatic technology (HTTP, HTML and a browser) that solved a very practical problem. The semantic web was a vague vision that started with a simplistic graph language specification (RDF) that didn't solve anything. All the tools for processing RDF were horrendous in complexity and performance and everything you could do with it could typically be solved easier with other means.
Then the AI-people of old came on board and introduced OWL, a turn for the worse. All the automatic inference and deduction stuff was totally non-scalable on even toy examples, let alone web scale. Humans in general are terrible in making formal ontologies, even many computer science students typically didn't really understand the cardinality stuff. And how it would bring us closer to Berners-Lee vision? No idea.
Of course, its basic assumptions about the openness, distributedness and democratric qualities of the Web also didn't hold up. It didn't help that the community is extremely stubborn and over confident. Still.They keep on convincing themselves it all is a big success and will point at vaguely similar but successful stories built on completely different technology as that they were right. I think this attitude and type of people in the W3C also has lead to the downfall of the W3C as the Web authority.