So does that mean there would be little internets all over the place? What would keep it from ballooning out of control of some sort?
It means when you communicate with say FreeRepublic.com, you’d connect directly to this site from where you are vs connecting to something in between FreeRepublic and where you are, which is how it works now.
PS - I don’t want to come off as a chicken little (the sky is falling) quite yet, but in the meantime I would record numerical IP addresses of websites you visit. For example this site is 209.157.64.200
With the handover of ICANN, my first concern would be the potential for ICANN to strip websites of their names and leave them only with their stripped IP address. This could obviously cause a lot of confusion for people who aren’t aware.