They poured the money and it didn't cause any effect. They poured money down the drain.
Fearless, it's just beginning. Let's see, what essentially monetized .coms? Major corporations setting up web sites and promoting web usage and internet traffic. You didnt see these staggering prices pop up for domains when major corporations first got on board? No, it was only after content and usage had developed. Those major corporations helped bring internet usage into the mainstream.
Now you have another device that can access the internet but most of the content is frustrating to use because it doesnt load properly.
Now major corporations see there is another device their consumers are accessing the internet on and instead of trying to jam their .com content on smaller screens they are offering more streamlined versions on .mobi to make this work for the end user. They have only just begun promoting these, the market is just now getting started. And again as technology improves, the end user wants more, and major corporations are directing their traffic to this extension (not .net, not .org) the market is bound to open up.
Follow the money, honey...