ICANN’s ".music" naming system for internet

Had an interesting conversation with some music pro’s that have been working for the past 6 years in making .music extension for ICANN. It will help place all things music under one roof internationally (Instead of .com, .net, .it etc) and it looks like a great idea. The new internet naming system is about to happen, probably by years end. Check out the future the company is called .music llc here is the web site http://www.farfurther.com/
What do you think?

I’m always a little leary of organizations like this. Might look good at first, but eventually becomes a cancer, dictating and policing what you may or may not do. Possibly another parasitic organization wanting their % cut of anything you offer in the “neighbourhood” or maybe you will have to pay dues.