EU Domain Registries & ICANN

rob_levine writes "Following on from the announcement a few weeks ago that the U.S. Department Of Commerce intends to retain control of the Internet's root domain servers (originally to be relinquished in 2006), several EU domain registries are preparing to build, test and install a system to prevent U.S. government meddling, according to this article in The Register. Could this be the beginning of the end of the centralised autocracy that is ICANN?"