CNET News.com reports: "The Internet Corporation for Assigned Names and Numbers voted Thursday to relax rules for naming Web sites.
At its meeting in Paris, ICANN, a not-for-profit organization that oversees the naming scheme for Web sites, voted to accept a proposal that will allow companies to purchase new top-level domain names ending in whatever they like."
Get ready for a new set of Top Level Domain (TLD) names (i.e.: .com, .org, .net, etc.) This could turn out to be a gold rush for new TLD domain names or a major devaluation of all the existing prized ones in the existing TLD space.