The US government has admitted its plan to move control of the internet's naming and numbering functions to a California non-profit next month may not move forward.I certainly hope responsibility's being taken now, because some of the reports indicated that ICANN's still not fully ready to run business without proper oversight.
In a letter [PDF] from the Department of Commerce (DoC) to ICANN sent August 31, the department's CFO gives the organization 30 days' notice that it may extend its current contract over the critical IANA functions by a year. In other words, Uncle Sam will continue to oversee ICANN's running of IANA for another 12 months.
In any case, I think there should be competition on internet operating, and other companies should take up the challenge of building businesses for offering operations similar to ICANN's. There can be an advantage in it.