They’ve been talking about the possibility of creating new top-level domains (TLD) for awhile now. Well they just voted and viola, soon in 2009, you’ll be able to choose from all kinds of generic addresses based on common words, brands, company names, cities, or proper names.
As one user put it:
My dream of owning clownpenis.fart is coming to fruition.
Many people (including myself) believe this is going to be another huge mess to deal with, only time will tell for sure. I also think it’s going to look ridiculous when a major corporation registers something like pepsi.pepsi