The proposal has been approved.
Quote:
A complete overhaul of the way in which people navigate the internet has been given the go-ahead in Paris.
The net's regulator, Icann, voted unanimously to relax the strict rules on so-called "top-level" domain names, such as .com or .uk.
The decision means that companies could turn brands into web addresses, while individuals could use their names.
A second proposal, to introduce domain names written in scripts, such as Asian and Arabic, was also approved.
"We are opening up a new world and I think this cannot be underestimated," said Roberto Gaetano, a member of the Internet Corporation for Assigned Names and Numbers (Icann).
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Source:
http://news.bbc.co.uk/2/hi/technology/7475986.stm
I wonder if people would be able to own domain extension. For example, if your last name is smith, could you own the extension <anything here>.smith ?