Yes i also think it is a perfect time to invest now in domains.
But i am putting my money on .Me and for good reasons
Here is 10 reasons again why .Me is a great investment

:
1) After witnessing the success of .Me domain name online auctions, Mark Boost, managing director of leading U.K. domain registration company, LCN.com, said that the public has “seen the .ME domain launch to be one of the most successful in history of
the domain registration industry. Both businesses and individuals rushed to register their chosen .ME extension when open registration went live on July 17, and I would envisage huge prices being paid for the premium .ME domains.”
2) Godaddy(the world largest) had world record sales of .dot me names( sold more than they did with .mobi, .asia, .tv and all other new domains they have started sell before.
http://www.bizjournals.com/phoenix/stories/2008/07/21/daily2.html
3) Over 80% of registrated .Me are fom English countries.
The main interest comes from English speaking countries including the United States (71%), the United Kingdom (6%), Canada (4%), and Australia (2%
http://www.domaininformer.com/news/editors/080902hottestnewdestination.html
4) Dot .Me was the darling of the traffic show, with all 11 .me domains selling for between $6,000 and $70,000.:
http://www.thedomains.com/2008/09/25/moniker-traffic-auction-nets-almost-3-million/
5) Dot .Me sold for OVER $2 Million in the fist .ME landrush auction where only few where allowed to bid.
http://www.webhostdir.com/news/showNews.aspx?ID=27518
6) The internet is all about YOU AND .ME like: youtube, myspace ect… thats also one reasons .Me has great succes and will just grow in popularity.
So many greats me sites to make with dot me: Date.Me, Youand.Me, Insure.Me, loan.Me, kiss.Me, Comedate.Me you can make 10000’s great easy to remember websites with dot .Me
7) September, 2008 From google news:
.Me domains become the hottest new destination.
Presently .Me domains are gaining momentum as the hottest new destination for Web addresses that have hit the market. Due to their universal appeal and quality to be easily remembered they have become essential to brand yourself or a company in the online market
Furthermore, some “premium” names such as. Contact.ME, Drive.ME, Kiss.Me, Youand.Me, Insure.me, lucky.Me have the potential to create a completely new perception of the websites.
The .me domain names have surpassed everyone’s expectations when it comes to popularity. There were tens of thousands of .Me domain names registered within the first registration day.
Click link for total article:
http://www.domaininformer.com/news/editors/080902hottestnewdestination.html 
Dot .Me means the same in Spanish, Italy as in English - thats 100’s millions more that can use and buy dot .Me
9) It is one of the only 2 number domain extension out there that you can use in so many ways in a sentence for marketing and branding.
10) If you look at the WHOIS at the top, .Me names - based on the auction sales price - high-profile CEOs and business owners as well as domain investors are securing the names, which makes the .Me domains even more interesting.”
