A slightly easier read can be found @ http://www.theregister.co.uk/2009/09/30/icann_us/<p>Otherwise you can read in far more detail @ ICANN
http://www.icann.org/en/announcements/announcement-30sep09-en.htm<p>Either way, i'm curious to understand/read what others might seem are potential positive and negatives for the move away of "ownership" and control from the US Government to a Non profit organisation "ICANN".<p>Does it even matter considering the amount of information which is routed thru the US?<p>Who funds ICANN? So many questions, even if you just post links for me and others to do some reading, that would be great.
A discussion on one possible outcome: the fight over trademarked domains:<p>U.S. Loosens Grip On ICANN, Domain Chaos To Follow? <a href="http://www.pcworld.com/businesscenter/article/172901/us_loosens_grip_on_icann_domain_chaos_to_follow.html" rel="nofollow">http://www.pcworld.com/businesscenter/article/172901/us_loos...</a>
I don't think it will have that much effect; the Internet works and will keep working as long as ICANN continues to basically do nothing.<p>ICANN is funded by a tax on domain names. IMO that money is wasted, but at least it's being wasted in a harmless way.