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ICANN Accepts Top Level Expansion

Yesterday ICANN moved forward with a proposal to expand the DNS namespace by allowing private entities to stake out new top level domains.  This is probably good news in the long run, but it may be the source of confusion for some in the immediate future.  Is my banking account at citibank.com or www.citi ?

As some have pointed out, this may not be much of an issue because most users today arrive at their destination through a search engine, and rarely enter domains in the address bar.

It will also be interesting to see if the domain squatters are able to mess this up for everyone.

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