According to Reuters, no more one would be restricted to a domain. Anything goes now. You name it: good.food, learnto.salsa, glossy.lipstick - people and companies will be able to set up a website with almost any address by the end of next year if they have a legitimate claim to the domain name and can pay a hefty fee.
The Internet body that oversees domain names decided to end restricting to suffixes like .com or .gov. Now the new names (applications for the new names would begin to be reviewed in January 2012) can be in any characters - Cyrillic, Kanji or Devanagari for instance, for users of Russian, Japanese and Hindi.