I just read this post in USA today - New Web Address endings could be start of turf wars
The article is talking about the possibility of opening Top Level Domains
to anything from .a to .z. I could get scott.murphy. Or TechHui could change from TechHui.com to Tech.hui.
I'm not sure the benefits of an open TLD name space outweigh the drawbacks. As the article suggests, there are trademark issues that corporations need to deal with and an open TLD name space will make it much more costly and time consuming to protect brands. In addition, from a marketing point of view, I think it can be very confusing with so many different extensions and finally, how will it affect the value of .com and existing domains? I wasn't so fortunate to buy out valuable domains names ten years ago but I know people who did. What will happen to the value of those domains? Will it be liquidated?
I understand that the lack of .com and top-level domains make it difficult for new businesses to enter the market. However, I'm not sure if it is necessary to open domains from .a to .z at this time.