I'm from Belarus, and we've got here .by domain name. So my project is to create a new big portal or just redirection www.made.by with sites like [made.by...] or [made.by...] etc... How do You guys think, does this idea have future, and how much would companies pay for domains of this kind?
You might want to look into how the .to names fared. I would think that this would be along the same lines. The idea seems sound, but you also need to think about connection speeds and infrastructure(if .by names have to be hosted in Belarus).
You probably need to be careful about copyright and patent names also(microsoft, adobe etc.) Please keep us posted on your progress.