Hmm, I don't think that the longer the wait the less chance of success...
There is some compoetition in the form of dot p2p project.
I wonder if more thought should be put into the nature of names. Is providing an abstraction over ip the real intent?
What about registering a public key, so that you could later use the name as a pseudonym and show that you're the true owner?
With public key registration you could associate arbitrary information like ip addresses, ssl certificates, ... ?
Or has public key naming already been solved?