The nerd powers that be, have just opened up the domain name market where any extension (suffix) is possible; no longer are we limited to .com, .net, .org etc … anything can go!!

That said, it ain’t cheap but it should still help put an end to the volture-like, blood sucking industry of after market domain names and cyber squatting losers, who can’t come up with anything more original than buying up a bunch of domain names, hoping to bilk someone in a resale.

From the article:

… people and companies will be able to set up a website with almost any address by the end of next year, if they have a legitimate claim to the domain name and can pay a hefty fee.

The Internet body that oversees domain names voted Monday to end restricting them to suffixes like .com or .gov and will receive applications for new names as of Jan. 12, with the first approvals likely by the end of 2012.

And they can be in any characters — Cyrillic, Kanji or Devanagari, for instance, for users of Russian, Japanese and Hindi.