In this paper we show that Fractal, a generic component model coming from the Component-Based Software Engineering (CBSE) community, meets most of the functional expectations identified so far in the simulation community for component-based modeling and simulation. We also demonstrate that Fractal offers additional features that have not yet been identified in the simulation community despite their potential usefulness. Eventually we describe our ongoing work on such a new simulation architecture built on top of the Fractal model, the Open Simulation Architecture (OSA).