From the WORLD Wide Web dept.:
In a meeting that will go down in internet history, the United States government last night conceded that it can no longer expect to maintain its position as the ultimate authority over the internet.

Having been the internet's instigator and, since 1998, its voluntary taskmaster, the US government finally agreed to transition its control over not-for-profit internet overseeing organisation ICANN, making the organisation a more international body.

However, assistant commerce secretary John Kneuer, the US official in charge of such matters, also made clear that the US was still determined to keep control of the net's root zone file - at least in the medium-term.

theregister.co.uk

Note: emphasis mine - Ed.