Book of Life on the Internet

Scientists are plotting an ambitious to find, name, and catalogue every species on earth. No, not just the 1.7 million we know about, the other 10 to 100 million we don't. And all this in 25 years.
They say DNA sequencing and the Internet will make this massive project possible and accesable to all scientists. Others say that even the data we have on hand now would take more time than they're giving just to be DNA sampled and catalogued. The race to find everything before we kill it off is on, it seems.