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If ICANN actually does go through with this, I will be horrified,
to say the least. As someone else here (at least one someone else, probably
more) has already pointed out, while we give ICANN power, it is by the grace of the
geeks that they rule. If they insist on revoking people's domain ownership,
someone else will probably start up their own root name server, and some sysadmins
will switch to the new one, and then more, and eventually ICANN will be lost and
forgotten. (I have seen this situation compared elsewhere with egcs vs. gcc,
and I don't think ICANN wants to go down that road.)
If anyone from ICANN is reading
this, consider me one more voice raised in protest against this whole debacle.
I urge you to reconsider, for the good of us all.