ICANN has just rolled out a video about its going forward in making non-Latin web addresses possible in 2010. People around the world who are using keyboard that has non-Latin words, speak non-Latin languages, and so on can be better connected online through non-Latin web addresses. Local businesses can display non-Latin web addresses so their customers can remember the web addresses easier. I think ICANN is right on the money, and you can expect the world wide web will be a vastly different one than what we know of it today.
http://c.brightcove.com/services/viewer/federated_f9/17699847001?isVid=1&publisherID=17191968001
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