Making money out of nothing at all.

Cool, an ICANN money grab and a sell out of the internet namespace to make things more confusing.  We all use search engines anyway.  Aren't domain names irrelevant?

http://www.reuters.com/article/2011/06/17/us-internet-names-idUSTRE75G49W20110617

From the article:

"It will cost $185,000 to apply, and individuals or organizations will have to show a legitimate claim to the name they are buying. ICANN is taking on hundreds of consultants to whom it will outsource the job of adjudicating claims."

"We're advising people to buy their brands, park them and redirect visitors to their existing site, at the very least," says Hnarakis, whose more than 3,500 customers include Volvo, Lego and GlaxoSmithKline.

So, this -ONE- guy, represents $647 MILLION dollars of revenue to ICANN?

How many brand names are there in the world?  This is so, so, so, so stupid, unless you like making money out of nothing at all.