Great! The more fragmented power is, the better. Better to have many actors engaged into the political process, countering and balancing each other, that to put all that power into the hands of few. I hope local leadership becomes more important than centralized one - be it federalism or this.
What an unusual idea. I like it. Governence in this fashion might actually solve some problems rather than creating corporate resource wars.
Sadly it will probably never amount to more than say...the sister city program. All symbolism no substance.