Ever had trouble remembering if that website ended in .com, .net, or .org? Well, your troubles just got a whole lot worse.
http://news.bbc.co.uk/2/hi/technology/7475986.stm
"We're running out of .com addresses? Let's just let people register whatever extension they want!" Brilliant ICANN, just brilliant.
And it looks like some of those TLDs are already being registered. For example: http://new.net/index_ext.tp?lang_id=english