Internet users concerned with the price of a domain name should go sign the Anti WLS Petition, and make your thoughts known to ICANN (Internet Corporation for Assigned Names and Numbers) at the Public Comment Forum on the VGRS proposal for a Wait-Listing Service.
I am not an expert in this by a long shot, and thor will correct me if I am wrong, but in a nutshell this would take away the competition for retiring domain names and put them all under the control of Verisign. What’s more, Verisign will graciously offer to sell you a reservation on that name, so you can keep renewing something you might never be able to use, for $24 per year. How thoughtful.
Read this letter from Clint Page, the President of Dotster. Admittedly, they are a competitor of SnapNames (which somehow gets their existing reservations exempted from this), but it is a very good outline of the anti-WLS case.