This is my very early, very rough "first cut" stab at drawing a few conclusions from Nominet's announcement. I'd ask you to be gentle if you disagree or spot anything that I've boobed on - there's so much to read it's like trying to swim the Atlantic ocean. A) .co.uk (older than October 28, 2013) have just gone up in value B) .org.uk for which .co.uk exist have just plumetted in value C) .org.uk in general has become the de-facto "third best" UK namespace extension where it might have been argued before it was the second. We will only know which is first a long, long time from now. D) It is probably not worth drop catching .co.uk for which a competing domain already exists, unless they're "very good" i.e. if they would have value even if .co.uk becomes that second best extension referred to in C) E) It is worth drop catching .co.uk domains where no competing registrations exist F) It is unclear what happens if a non-.co.uk domain name is registered between October 28, 2013 and launch date, then the .co.uk drops and is caught. Do neither get .uk? Does the .co.uk? Does the oldest registration? It's an "edge case" that will affect very few domains, but it's still an unknown at present G) We should know well before the 5 year decision period is up whether .uk is a huge hit or a big flop H) .me.uk has gone from very poor to worthless I) .uk decision is likely to intensify attempts to contact desirable .co.uk domain holders prior to their domains dropping - after all, if you can buy the domain before it expires, it would then qualify for .uk J) WHO owns competing extensions has become much more important. For example, if it's a dissolved company, is anyone likely to actually take up the .uk option? There may be tiny windows of opportunity to drop catch .co.uk domains against "unlikely" other registrations - but it's a punt Please add your own "consequences" to the list!