.Com is finally going to get company - and a lot of it. Today ICANN, the Internet's oversight agency (such a thing exists!) voted to open up the web to thousands of new domain names. Expect to see local domain names—Berlin and New York City have been at the forefront of the lobby—as well as industry specific dots, such as .car and .retail. Some businesses, such as eBay, are even pushing to have their company name become a domain.

Earlier this week we posted a brief rundown on what all this potentially means for business owners, which you can check out here. The bottom line is that this may be your shot to snag that url you always wanted but couldn't get because the .com was already taken and the owner was only selling for $100k. Even better, the new domains will allow a business like yours to customize its url by region or by industry, which may make it easier for potential customers to find on the Internet.

Given all that, it begs the question whether .com will remain the most coveted domain for businesses? Now that domain names will have greater relevancy to the company or person hosting a site—.org and .net never meant much, after all- .com may lose its edge.

While news of the new domain names was the main event at the ICANN conference in Paris this week, they also rendered another decision relevant to entrepreneurs, placing the kibosh on domain name tasting. Currently, registration policy lets buyers purchase a domain name and then to "taste" it for traffic, click-throughs, etc. for up to five days. If they don't like it, they can dump it without paying a cent. While that's fine and good for them, it's caused a tie-up that has ended up screwing entrepreneurs and others out of the domain name they wanted - regardless of traffic. Depending on which side of the fence you're on, this could be a good or bad thing.