HP Labs Report on Peer-to-Peer Computing:

With the pervasive deployment of computers, P2P is increasingly receiving attention in research, product development, and investment circles. This interest ranges from enthusiasm, through hype, to disbelief in its potential. Some of the benefits of a P2P approach include: improving scalability by avoiding dependency on centralized points; eliminating the need for costly infrastructure by enabling direct communication among clients; and enabling resource aggregation. This survey reviews the field of P2P systems and applications by summarizing the key concepts and giving an overview of the most important systems.