haushofer said:
A clear way for me to look upon this stuff, is the idea that the speed of light c is not 'just' the speed of E.M-waves, but determines the causal structure of spacetime. Also, the Poincare symmetries and dynamics of special relativity can be 'contracted' by sending c to infinity (for the underlying Lie algebras this procedure is known as Inönü-Wigner contraction). This opens up the lightcones of spacetime and gives you absolute time and a Galilean spacetime structure (i.e. the Galilei-group).
Why is this a nice view? Well, it shows that Galilean relativity and Special Relativity differ in only one (!) single aspect. They both say inertial observers are equivalent and the speed of light is the same for all inertial observers. For Galilean Relativity however, c is infinite, while for Special Relativity c is finite. This is the only difference. Kind of amazing.
In my opinion, it is best to leave the "speed of light" ' c ' as 3e8 m/s always [since light's speed is finite, even in Galilean relativity].
For this relativity-selecting speed-parameter, call it "maximum signal speed" ' c_max or "invariant speed" c_invariant. The dimensionless ratio c/c_max can then take the value of 1 for special-relativity and 0 for galilean-relativity. (In the Galilean case, the speed of light is finite, and nothing particularly special.)