Well maybe it’s not that new, but it’s new to me! I don’t know how I missed it, but it looks like ICANN just announced that they plan to release the previously registered single-character domains back to the public. The only thing standing in the way is how they’re going to do it.
You can download the PDF here: http://gnso.icann.org/drafts/icann-synthesis-on-sldns-27feb08.pdf and read the official article here: http://www.icann.org/en/announcements/announcement-16oct07.htm