ICANN has unimously voted to allow an unlimited amount of new TLD’s, using any combination of letters and numbers, including non-Latin characters.
In CNN article annoucing the decision it states in part:
“””The decision could spell the end for traditional Web addresses ending .com and .org and country names like .jp or .fr with Web sites able to use easier-to-remember suffixes such as .hotel or .sex.””””
Of course the current US adminstration already nixed the .xxx extension.
However this action, combined with a possible democratic administration that would be in place in early 2009, when the first applications are expected to be received, might allow a .sex, .xxx or similar extension to pass.
In addition to adult extensions, it is expected there will be many application for Geo extensions with .paris, .berlin and .nyc already having groups formed to sponsor them.
Right now we are just left with a lot of questions:
Will this as many predict start another “gold rush” to acquire the top domains for each new extension?
How will type in traffic fair if there are hundreds of new choices?
What effect hundreds of new extension all hitting the market in 2009 or 2010 have or the current value of .com’ and other current TLD’s, now and in the future?