Sounds like a great way to implement censorship or force traffic to follow certain (compromised) routes. Simply say: Wikipedia does something dodgy, they allow free speech and free information, let's revoke their cert (since IANA can be controlled by a government).
Preaching to the converted here my friend...
I immediately thought of this topic when I was reading the BGP article and thinking about the implications of a hierarchal structure (incidentally, they can pretty much "disconnect" direct connections between eachother NOW if they want to... but of course we can route around it, if required - adding encryption/PKI doesn't make all that much of a difference if people don't enforce it).
See, Governments are still duking it out (Diplomatically and Militarily) while their populations talk to eachother on the net' - the wonderful thing about this is I can talk to you, not knowing if you're White, Black, Green, Yellow, Blue, Purple, Male, Female, American, French, Canadian, Belgian or Martian... if you call me an idiot, I can't say "You called me an idiot because I'm (insert racial/gender type here)", well, I CAN, but you can reply... "I didn't know that, but I still just think you're an idiot!".
The concept of a Worldwide Global Communications network with almost ubiquitous availability is something we really haven't had for along time, it's going to take the Governments of the world a bit of time to get their head around it... Personally I think the Politicians/Diplomats of the world should read The Truth by Terry Pratchett (if they haven't already), as it has alot of similar concepts regarding local, social, and geo-political issues in it, just with a different "new" Technology.