ICANN opens up Pandora's Box of new TLDs

[ksimpson at mailchannels.com (Ken Simpson)]

> Two years ago I posed the question here about the need for TLDs
> (http://www.mcabee.org/lists/nanog/May-06/msg00110.html).
> I summerizsed that companies IP (Intellectual Property) guidelines
> would never allow domain.org to exist if they owned domain.com
> (ibm.org vrs ibm.com).    I felt that TLDs really represented a
> monetary harvesting scheme as every new TLD forced companies to "pay
> for yet another domain name" (slowly milking businesses).   At that
> time several knowledgeable folks commented that TLDs  were necessary
> in the beginning due to the need to distribute queries.   Now it
> seems, ICANN has decided to add a new paradigm :-)   How will a TLD
> like .ibm be handled now, and how is this different than what I
> proposed in 2006?

How will ICANN be allocating these? An auction format? It will be a  
blood bath otherwise.. And for abuse and spam, this is a nightmare.