You could make the argument with a lot of the (mostly pointless) TLDs that have been released recently, such as .uk, which was a clear money-grab targeting existing .co.uk owners, or .sucks, which feels like an attempt to extort all domain owners.
True. Also, the new TLDs have gotten out of hand to the point that ICANN launching a new TLD has become noise. Their restraint has been so lacking that I'm expecting punycode emoji TLDs in the next few years. If you thought .sucks was bad, just wait for the poo emoji.
Ugh. I wish I had something more insightful to say, but I read your comment and audibly groaned, because I just know deep down that you're correctly predicting the future.