Sage17 - 6:21 pm on Jan 6, 2012 (gmt 0)
The way ICANN is overhauling its policies, I think extensions will be seen as a part of the name of the business. Naturally .com will suffer most. The first blow to .com was when ccTLDS got popular in their respective countries. In countries like UK, Germany, China and India etc you will hardly see any local business using .com.
Dot com is the default extension for US (in spite of having its own ccTLD .us). Majority of the nice .comís are still not developed. Their owners ask extortionate price for them. The market had to correct itself. Well done, ICANN!