Comment We already use Internationalized Domain Names (Score 1) 253
IDNA has been in use since 2003. The only people who would use .Asia are folks who speak English. Native character sets have been in use and are backwards compatible via punycode. Just point at the right DNS and use a compatible browser and you are off and running.
Google Search with China (native) as TLD
http://www.google.com/search?as_q=.%E4%B8%AD%E5%9B %BD&num=10&hl=en&btnG=Google+Search&as_epq=&as_oq= &as_eq=&lr=&as_ft=i&as_filetype=&as_qdr=all&as_occ t=any&as_dt=i&as_sitesearch=.%E4%B8%AD%E5%9B%BD&as _rights=&safe=off
This explains it best:
http://en.wikipedia.org/wiki/IDNA
Mulptiple languanges on the net, even as TLDs, do not "muddle" anything. TLDs only need be unique and be able to let other DNS servers know where they are. An RFC took care of that.