ICANN opens up domain registration

I have mixed feelings over the recent announcement from the Paris meeting of ICANN, that domain names are to be opened up. I applaud the move away from a purely latin character (read ASCII code) naming system to one that supports others, such as Cyrillic, Arabic, Chinese and so on. However, the move to permit many more top level domains I fear will lead to intense arguments and possibly an erosion of confidence in the internet as a whole. Who will rule on the legitimacy of control of, for example, ".smith" or ".computer"? Will a domain of ".catholic" be truly representing the Catholic Church any more than ".britain" be representing the British government? It will make it harder for users to sort out the ownership of the site they are visiting, and sadly I think give much more to those who seek to perpetrate scams and other fraud.

I would like to see clear rules and an international body (such as an agency of the UN) be responsible for controlling this. As it is, I think it is little more than a money making ploy on the part of the current controllers.