May or may not be true, who knows for sure.

What will this do to all those dudes/dudettes that have purchased all the those domain names and now may not be able to re-sell them??

Heaven’s only knows where this will lead us to in the Blogoshpere. That means that shortly I can have a domain with dot Wendy’s Reel instead of the one I have now.

At a meeting in Paris Thursday, the board of the Internet Corporation for Assigned Names and Numbers — also known by its acronym ICANN — unanimously approved key proposals to allow domain names using any combination of letters and numbers, including non-Latin characters.

To avoid cyber-squatting, ICANN says those who register a new extension will have to prove they have a viable reason for it, and trademark names will not be auctioned.

Still, a bidding frenzy is expected for some of the more obvious extensions in what will become the biggest expansion of the Internet in decades.

Some very interesting thoughts and concepts at the link below

If you are truly interested read it here
Group votes to relax Web naming rules