Olney - 1:04 am on Aug 17, 2007 (gmt 0)
I'm a Japan resident & 2 years ago started registering more domains for the market I live in.
This includes IDN domains & ccTLDs.
Many are looking at a domains value based on sales of an extension or if a domain gets type in traffic naturally.
I am looking at current & future value for my market only.
For your target market what is the most recognized extension(s), & language used.
The ccTLDs are strong in areas outside the US & this should be taken in consideration by international webmasters. The dot com is a great extension but having a business in say the UK or targeting Spanish speakers .co.uk or .es would also be a great choice.
Since registered dot coms won't decline anytime soon, ccTLDs that are highly recognized by your target market or IDNs (for countries who's native language doesn't use latin script) are options.