Somewhat eerily, I was just now touching base with my "9/11 team". It was our fifth day on the project, and we didn't know each other that well. The titular leader was hopeless as a delegator and utterly lacking in social skills, a control freak. The team self-managed in the sense that we mostly worked around the leader. May have had something to do with our average age of about 50, all with at least 10 years in contracting.
Teams can self-manage, but you need to start with self-managing (self-actualizing) people. You don't toss your kid into the deep end of the pool and expect him to swim without some training, and you don't gather a random collection of "professionals" and say "go forth and self-manage".
The team was from all over the country and we never saw each other after that project. Sent 7 emails on Wednesday, 4 bounced, 2 answered promptly, and I have no expectations either way for the seventh, you guessed it, the "leader" to respond.