Icann and new TLD's

[Charles Jones]

http://news.bbc.co.uk/1/hi/technology/7475986.stm

Icann, voted unanimously to relax the strict rules on so-called 
"top-level" domain names...

Under the new plans, domain names can be based on any string of letters, 
in any script.

Individuals will be able to register a domain based on their own name, 
for example, as long as they can show a "business plan and technical 
capacity".

I wonder how long before we start seeing domains like http://nike.shoes 
and the like. I wonder how many email and domain parsing scripts this is 
going to break, especially domain names with asian and arabic characters.