I first commented on the Verisign nonsense on September 16, and then later on September 19. In the mean time, wheels have been turning consequences appear to be materializing. Today, ICANN insisted that Verisign cease the wildcard in .com and .net immediately.
I must admit that I had fully expected ICANN to do absolutely nothing. I applaud this action as far as it goes and hope they manage to enforce their decision. This is a critical test of their reason for existence. I will be watching with great interest to see how this all turns out.
Update at 15:00: Verisign has apparently capitulated. Note that an invasive registration procedure may be required for that link. Apparently Verisign is the victim. Yeah, right.