>>Proposals will need to be accompanied by a $50,000 application fee, a
>>business plan, and policy details, among many other requirements.

Does anyone know how this process will play out?

That is, if a new ".shop" TLD is created, would one company be in the InterNIC role 
and other registrars then apply to be allowed to offer those domains as well?

Or would only one company be the sole registrar for each new TLD?

I can't believe each registrar would have to pay $50,000 per TLD to play. Tell me 
that's not even remotely possible.

David.
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