I don't even want to think about the consequences of this.
Today the Internet Corporation for Assigned Names and Numbers (ICANN) approved a measure to alow anybody with $50,000 or $100,000 to create whatever Top Level Domain (TLD) they want. Although this may spell doom for URL speculators, for small new media owners like myself (aka, bloggers), this may spell trouble.
Imagine a big media company buying up ".culturekitchen" to peddle international cookbooks. Now I have to not only take them to court, but hope to win and have them surrender to me my trademarked URL.
As a small media company (culturekitchen is incorporated), we're screwed. Who has the money to buy their blog's trademarked name or for that matter, to sue a richer company that, may buy up your blog's trademarked name knowing you won't be able to take them to court and fight for your rights?
For small new media entrepreneurs like bloggers, this could spell disaster.
On a more positive note, domains in Asian and Arabic languages have been approved. What I am wondering about it is whether they are also going to recognize Romance language spellings with characters with special notation such as ñ, ü or é.
