I honestly can't think of all the implications of how this might change how people interact with the web, but what value is a short memorable domain name (ie: "color.com") if browsers are redesigned to eliminate direct type ins?

Perhaps not as big a deal if the location bar is set to auto-hide, and expand on mouse-over ... but it would really be a tragedy for the industry to disappear.

There are a few domainers on here (Ohashi, Michael Cyger, others?) I'd love to hear some of their comments on how they think the domain industry would change.