The way the internet is being used around the world is about to change with the announcement that non-Latin domain names have been approved and fast-tracked for early-mid 2010. Internet Corporation for Assigned Names and Numbers (ICANN), is the governing body behind domain names, internet protocol addresses, and many other aspects of the Net. ICANN has has discussed the topic of International Domain Names or IDNs for several years and has finally made plans to make this possible.
This means that you will see domain names in Chinese, Japanese, Arabic and manty other languages that are non-Latin.
ICANN has provided a video on the impacts of IDNs provided here.