Internet, in its life of 4 decades had only seen English letter domain names. Apparently, ICANN is holding a meeting in Seoul, which will decide whether other languages like Chinese, Japanese, Bengali etc. will be used to register domain names or not. This step, if implemented then entire domain names will be, for the first time, registered without Latin letters. This will open up the Internet for more audience throughout the world.
This plan of letting domains registered in Non-Latin alphabets was long approved in 2008 and since then the system is being tested. If the implementation proposal is approved then domains with non-Latin characters will be registered from the mid of November 2009.
DNS, domain name system, has to be worked on and necessary arrangements has to be made, so that the system recognize non-Latin characters. Possibly a real time language converter tool might help. Some similar, unofficial systems are already in place in countries like china, but its all-very buggy. This new official step will solve those problems as well.