Just wanted to add a couple more things (sorry - no one else to talk to

):
1. Domainers by our nature are entrepreneurs. We dedicate time and money but it's a fun and hopefully profitable business, enterprise even game! With any business or game, the most important thing to succeed is knowing the rules and other info (market condition, other key players, threats/risks, opportunities, etc.)
When .uk came up it shook everything and injected massive uncertainty along with a significant devaluation of domains that folks were holding. It made the game less fun, more risky and changed the rules and market in ways that we wouldn't know for 5 years or more.
So now that we're at the end of the 5 years, with the .uk release, I think many domainer's spirits are coming back to life, we can finally breathe. The fun and excitement is back (with the catches), the rules are starting to come back (no more RoR), the market has a chance of settling and the entrepreneurial spirit that we have (in searching and jumping on opportunities) is back!
This may mean in the short term that many folks are paying more than they probably should for .uks, but that doesn't mean that they won't make a profit in future. They may be paying 2x/3x the value now, but in future they may sell for 10x/20x. That's why we're entrepreneurs, we take calculated risks for greater returns.
2. One function of domainers, in the launch of a new TLD is awareness spreading through outbound. I write about this a little in my article on Developed:
An Investor’s Experience with NYC Domains for 4 Years. Here are the key pieces:
Personally, my view is that investors play an important function in the growth and success of new TLDs because they provide a cash boost for a registry at the landrush phase (when a new TLD is launched and anyone can register a domain with that extension) and throughout premium priced domain releases and premium auctions as well as ongoing yearly renewals. This cash boost can help with marketing and awareness campaigns.
Another important function of domain investors is that they assume part of the risk that the registry has when it makes the initial investment to get the domain extension up and running. This sharing of risk is important, it creates an additional group of stakeholders who have interests aligned with the registry to ensure it is successful and thrives – ultimately to protect and grow their investment...
When investors reach out to prospects to sell a domain on a new TLD, part of the work is in educating people and organizations that there is an alternative to .com. This ‘awareness spreading’ organically comes from investors reaching out to hundreds if not thousands of potential end users and the registry and namespace benefits from this (through a greater awareness and more registrations and usage in future).
So now's the time for domainers to do their part with outbound marketing to sell some domains. Even if they many don't sell (because it's still my belief that to get a decent return on investment it may take 7 years+), domainers reaching out, sending emails and making calls, will spread the word about .uk, which will help the whole namespace (awareness, registrations, renewals, hopefully Nominet will use some of this £ for marketing, more big sales announcements, more usage on trucks/vans/cars/TV/shop windows/billboards/radio, more people using
[email protected] emails, fewer online webforms rejecting
[email protected] email addresses as invalid (it happens) and finally more inbound enquiries for domains and bigger sales.