The ICANN proposals to review the top level domains probably makes a lot of sense, and will clearly make some people a lot of money. It may hit the income of the islanders of Tuvalu as .tv competes with .tele, .epg and .media, and is unlikely to make life any easier for viewers trying to find content. It's also a good development for Google as the unpredictability of domain names increases.
But it does make the internet a place of greater possibilities, which is to be welcomed. Now, if we can only effect the transition to IPv6.