With the expansion and convergence of communication and computing, dynamic provisioning of customized networking and processing infrastructures, as well as resource virtualization, are appealing concepts and technologies. Therefore, new models and tools are needed to allow users to create, trust and enjoy such on-demand virtual infrastructures within a wide area context. This research report presents the HIPerNET framework that we are designing and developing for creating, managing and controlling virtual infrastructures in the context of high-speed Internet. The key idea of this proposal is the combination of network- and system-virtualization associated with controlled resource reservation to provide fully isolated environments. HIPerNET'...