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From abcnews.com

Dot-com is so 1990s. The group that oversees the naming of Internet domains approved a measure today that will broadly expand what words can follow the period in a Web address — everything from .ABC to .sex — potentially sparking a domain-naming boom.

The Internet Corp. for Assigned Names and Numbers, or ICANN, an international nonprofit corporation overseen by the U.S. Department of Commerce, approved two measures at a meeting in Paris today that will allow virtually any word in any language to be used in a domain name.

“There are two items on the agenda,” an ICANN consultant unauthorized to speak with the press told ABC News from the sidelines of the conference. “The first would allow for new domain names. So a company could apply for a dot company address, .ebay or .ABC.”

The policy would expand the short list of approved domains like .com, .org, .edu and country names to allow for almost anything, including steamy-sounding domains like .sex. ICANN recently turned down a proposal to create a .xxx domain for pornography sites, but if the new policy is approved, virtually any name, including .xxx, would be permitted.

New names will likely not appear online until at least 2009. The organization still must work out many of the details, including fees for obtaining new names, expected to exceed $100,000 apiece, to help ICANN cover millions of dollars in costs

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