I am mainly a domainer, and I am not thrilled. .com will remain .com even if .shit arrives. And this will be a big pain for big TM holders who will have to register their domains because of the cybersquatters.

Anyway, on short term nothing may happen. On long term yes, as I think ebay will buy .ebay, so that they can fight easier all those phishing sites. They supported this new move.

Other than that it is just money for ICANN & co.