People distrust it because it's 99% spam?

.info is really not all that bad, in the grand scheme of things. .biz is much worse (and has been since its launch in 2001!), and some of the new TLDs like .top and .xyz have been abused pretty heavily as well.

I actually like the .info tld... perfect domain for "informational" websites, wikis etc. Though there may be better ones with the recent goldrush of new tlds available.

Though I also liked .io, and felt the higher pricing and harder registration kept a lot of the squatters away.