Stardate 20010630.1839 (On Screen): ICANN had better wake up soon or it will have passed into irrelevance. There is no reason, none whatever, why they should be so penurious with TLDs. Letters are cheap and there's no good reason at all why there shouldn't be hundreds of top level domains. (There
are hundreds already.) Why are they treating them as if they were precious beyond words? (They
are words!) So why is it such a big event that a whole two new ones have become available?
The answer is that trademark holders are running scared. If fifty new domains show up, they'll be in a race with cybersquatters to nab all the desirable ones. I'm not sympathetic with that problem, and I see no justification in creating an artificial shortage of domains. (discuss)
Update 20010701: ICANN, this is your wakeup call. Off your asses!