1. A system for providing dynamic feedback control of network elements in a data network, the system comprising: a plurality of network elements, each of said network elements having a plurality operating parameters associated therewith; a first network portion, the first network portion being administered by a first network service provider; the first network portion including a first plurality of network elements; a data store system operable to dynamically receive information related to a first subset of network elements, said first subset of network elements including at least one network element of the first plurality of network elements; a policy engine system operable to dynamically analyze at least a portion of said received information based upon selected guidelines to determine whether a performance of at least a portion of said network conforms with a predetermined application specific performance criteria; said policy engine system being further operable to automatically and dynamically report results of said analysis to an administration system for dynamically responding to said results when the performance of the portion of said network fails to conform with the predetermined application specific performance criteria; the administration system configured to automatically and dynamically alter a performance policy of the portion of the network to conform with the predetermined application specific performance criteria in response to a determination that the performance of the portion of the network fails to conform with the predetermined application specific performance criteria; and wherein the reporting is dynamically triggered by the performance of the portion of said network failing to conform with the predetermined application specific performance criteria.