There are plenty of people on both sides of the fence regarding the proposal to add various TLD to the domain space. Companies, cities, and other individuals with enough financial backing may be able to apply for their own TLD. The impact on the domain industry, SEO, IP enforcement, TM protection…etc. constituencies will be enormous in some good and bad ways.

To form your own opinion, I invite you to read posts and blogs covering this topic from a few friends in the industry:  Be sure to check out Kevin’s opinion, Mike’s opinion, and Anthony’s blog for more information about this.