Hadad is talking about right of the dot
This is def. not subdomains
I think it is $usd185k just for ICANN to evaluate an application
More like $1 million to cover all costs in year 1 for each new gTLD
See the Draft application guidebook at
http://www.icann.org/en/topics/new-gtlds/related-en.htm
Tempting as it is to apply for the gTLD of .QLD , just so I could sell Max the DN max.qld, somehow I do not think I would recoup the rest of my million bucks after allowing for the amount Max would pay
My take on the new gtlds is that it will completely obliterate the wholesale market in every extension except com/net/org and the Country Codes that are regulated like our own .au
Codes like ws , cc , mobi, info etc will become a wasteland of wasted money for domainers
It may indeed turn out to be a very good thing that the regulators have done such a good job of maintaining the integrity the .au space