I thought this was a good idea so that it would be easier to block all web addresses with .xxx for children accessing the internet. Also I was hoping to buy some domain names and make some money selling them. I read an article the other day that there is an entire industry based on this and it's extremely lucrative. Although, I'm sure there were a lot of people with the same idea waiting.
Plus, this would solve the problem of old ladies and kids doing reports from finding out that whitehouse.com is a porn site, not the official site to find out about President Bush. Oops.
ICANN Finally Rejects '.xxx' Domain NameICANN Rejects '.xxx' Domain name