This paper has been accepted for publication in forthcoming issue of IEEE COMMUNICATION SURVEYS & TUTORIALS. The content is final but has NOT been proofread. This is an author copy for personal record only. 1 Abstract— Wireless Sensor Networks (WSNs) are the key components of the emerging Internet-of-Things (IoT) paradigm. They are now ubiquitous and used in a plurality of application domains. WSNs are still domain specific and usually deployed to support a specific application. However, as WSNs' nodes are becoming more and more powerful, it is getting more and more pertinent to research how multiple applications could share a very same WSN infrastructure. Virtualization is a technology that can potentially enable this sharing. This paper is a survey on WSN virtualization. It provides a comprehensive review of the state-of-the-art and an in-depth discussion of the research issues. We introduce the basics of WSN virtualization and motivate its pertinence with carefully selected scenarios. Existing works are presented in detail and critically evaluated using a set of requirements derived from the scenarios. The pertinent research projects are also reviewed. Several research issues are also discussed with hints on how they could be tackled.