Well, even if .com lost its credibility tomorrow, it couldn't come at a better time with other tlds gaining credibility over the years. Only downside is that a 7% increase is too slow to kill .com. Would be nice if it died fast enough for the zeitgeist to actually consider another DNS system which I don't think will ever happen without a distinct exodus event. Until then, this kind of news doesn't really penetrate be…
Let's just say that, for example, the ACLU decided to bail out of aclu.org to aclu.io. Whomever ends up with that domain now gets all incoming *@aclu.org emails, which would include a massive amount of sensitive, privileged information.
Has there ever been an instance of an online company with a serious presence that changed domains? Even del.icio.us didn't let icio.us out of their hands. (in fact, delicious.com wound up being the domain they eventually parted with)
and regarding alternative TLDs "gaining credibility," well first, THANK GOODNESS we all lived long enough to be able to use other TLDs finally finally finally; but who's to say this won't just happen to any other TLD?
ICANN needs to be reined in or replaced.