Internet Corporation for Assigned Names and Numbers (ICANNÂ®)
It seems like ICANN has reduced their fee on domains from US$0.25 to US$0.23 and it is retroactive from 2006 so you should expect some credit from your registrar.
The Slow, Ineffectual ICANN Is Still the Best Option for Internet Governance
There's an old saying about the weather: "Everyone complains about it, but no one ever does anything about it." The same might be said about the Internet Corporation for Assigned Names and Numbers, or ICANN. Ref. Source 8
I just read this from PCWorld (Can't put link) but I'm sure you can find the original source. Anyway, its bad news because now they will be free to makeup whatever they like and charge for it too!
I have the same concerned too. This is something that affects the whole world and I dread that we have to go through one private entity just to get an address for our sites.
This will only be a good move if it helps to regulate the prices set for domains. Countries charge way too much for their domains like .CO from Colombia.