ICANN OKs tiered pricing for .org/.biz./.info

wayne writes: As reported on CircleID, Vint Cerf has confirmed that ICANN's new contracts for the .org/.biz/.info domain prices can be tiered, so that google.biz could cost $1 million per year, while sex.biz could cost $100,000/year. This is very similar to how the .tv TLD already works. The domain registrar could also could also use pricing for political purposes, claiming that pricing sex.biz high would be to "protect the children", while icann.org could be priced at $1/year. Verisign's contract for .com and .net have recently been renewed, so those domains are safe for now, but I'm sure they would want similar treatment.