Joel -- From an insider-outsider perspective, a couple quick comments:
1) Do you mean Darwin Core is frequently misunderstood by standards developers? Or do you mean Darwin Core is frequently misunderstood by people without specialized skills to read and understand standards?
2) I see the point that some clean-up would be useful but my view is that Darwin Core fulfills its intended purpose for most people who want to map their headers in a spreadsheet to a set of terms in the Core. This support an ecosystem of data that has come available online over the last 15 years. I was talking to Tim Robertson, and I think the number is 3 records per second (per average) coming online via GBIF, the vast majority in Darwin Core format.
3) Is it enough to clean up Darwin Core somehow, wipe our hands and walk away? I guess maybe we could be sharper with term definitions. But is that the problem or is the problem that what we want to do with Darwin Core doesn't fit its history and intended use as an exchange format.
4) I see the bigger challenge being how we grow more semantically meaningful representations that let us do new things (an example might be the Biocollections Ontology (BCO)) versus more limited things we do with Darwin Core.
This is just my naive impression. I am not an expert in RDF or the semantic web. Id like yet more clarity before we get into what might be an challenging task. Could we be even more focused? Can we surgically repair the key things in DwC not do a "clean up"?
Best, Rob