As it turns out, just having a "bit" address in itself is not so interesting, from a user perspective. Yes, it's censorship resistant, but the fraction of people having to deal with censorship of their domain is very small. There has been some buzz in Silicon Valley about onename.io, and Namecoin gets mentioned quite frequently. But in terms of actual development there is not so much going on. Actually in cryptocurrencies the sum total of all new ideas is much smaller than one might assume. Most ideas don't work out for many reasons. The overall idea of BitDNS is extremely important. The actual Namecoin implementation less so, but the fact that the concept was proven to work is a milestone. I would encourage anyone to read the original BitDNS thread and think about these ideas. https://bitcointalk.org/?topic=1790.0