Mark may be working for Dotster with its cnauction.com site, but he seems to know that credibility in this industry is more important than just crap marketing bahoola to get in a few extra bucks.
I personally don't believe Neustar is ready for this, and are only using this .com.net.org .cn exercise as a trial run. The Chinese authorities can be pretty unpredictable
Anyways, I will only be going for 1 .cn to complete a larger 8-bagger objective. You need to think carefully how you can deploy .cn in your business model, as a gateway for Westerners into China, or for the Chinese themselves. .cn is tricky, since most Chinese, don't appreciate romanised characters.
Already, Verisign will be testing plug-ins for Korea to render Korean language on the address bar. This will happen soon for China domains (simplified Hanyu Pinyin), so you need to watch the trends very carefully.
imo, .info and .biz are still the best new extensions that ICANN had the sense to introduced as gTLDs, albeit with incredible implementation stupidity.