In a special meeting ICANN announced that they will be releasing a second round of applications for new gTLD extensions.
On Feburary 7th, 2012, the ICANN board approved the 2008 GNSO policy of releasing new gTLDs in rounds. They state,
In response to continued calls from the community regarding whether ICANN will proceed with additional rounds of applications for new gTLD applications, the Board takes this action to reaffirm ICANN’s commitment to following the GNSO policy recommendations on the introduction of new gTLDs.
ICANN already has their hands full with the current round of applications. No timetable was given at this time, but a significant amount of work and planning must also go into the second round.
Specifically, ICANN must address the GAC requirement for assessment of trademark protections and security in the root zone operation.
Stay tuned for more developments about the upcoming gTLD domain extensions.