If you ask me "Will Semantic Web 'ever' happen, in general, and specifically in education?", the best answer I can give you is "I don't know," but I know that today we are still far away from the hopes that I had when I wrote my paper "Education and The Semantic Web" (Devedzic 2004) more than 10 years ago. Much of the things from that paper are today obsolete, but some remain. With the experience gained and lessons learned over time, as well as with many other developments in the general field of Web-based education, it is possible to sketch a much more realistic picture about Semantic Web and its implications for education than it was possible back then. This article attempts to capture that picture by discussing a diagram.