The porn industry is about to get .xxx as its own .com, and after years of protests by the Bush administration, the Obama administration is standing on the sidelines as it happens. The Internet Corporation for Assigned Names and Numbers (ICANN), which oversees the creation of top-level domain names like .com, .net, and .biz, is expected to approve the .xxx domain today, though many in the Adult industry disapprove of it.
Update 3/18: And it's official. ICANN has approved the new .xxx top-level domain.