It's basically a licence to print money
and only governments can be trusted with that kind of responsibilty!
ICANN's big generic top-level domain (gTLD) rollout, planned for April 23, needs to be delayed because the system isn't ready, Verisign and others are warning – and ICANN itself has told The Register that the first gTLD domains won't come online until at least August. "April is a launch date in the sense that it's a public …
is that the whole chaotic, money-printing circus of setting up thousands of new (and rather pointless) gTLDs is delaying the introduction of a few new and genuinely reasonable geographical TLDs (e.g. cymru/wales/scot/catalonia/vlaanderen) - which could have been live months ago.
At least the .xxx domain wasn't too bad. Sure you had to pay them cashola so as not to tarnish your brand, but they let you do a one-off payment. so that yourdomain.xxx could never again be registered. It wasn't that much more than a registration fee, and means no further work required.
At least until they change the system in 10 years time to get some more cash out of you...