Well i still think you are wrong.
Godaddys had the most domain sale ever on one day for .me domains.
big firms like Apple are buying them and see a future in them:
>Businesses such as Apple are getting into the “me” attitude with their me.com domain name as well as registrations for apple.me and itunes.me.<
Regarding the the new ICANN initiative
Only VERY few firms will be able buy the domains from the ICANN initiative
Fist of all the ICANN initiative names are coming up on auction and the winner has to put up mega servers.
I asked a exspert about this and he said it will cost nearly $1 million a year to have a name like @casino ine manage costs. Plus every time you renew the domain like .casino we taking 100,000’s $ to renew
We talking BIG BIG money to be able to buy the new ICANN initiative domains.
So they will have nearly none efect on the domain marked.