ICANN, which is the Internet's primary governing body, announced this change just yesterday.
The president of ICANN, quoted in the Guardian, says:
"Of the 1.6 billion users today worldwide, more than half use languages that have scripts that are not Latin-based." IMHO, this is a great idea because it really opens up the Internet to the international community. Not everyone thinks this is a good idea, however. PC World columnist David Coursey complains, in a headline, that "ICANN approves domain names we can't type." Actually, ICANN's action will allow billions of people to type domain names in their native languages.