That still seems pretty reasonable. They want ".new" to be seen and used as an interaction element, not as a random TLD. E.g. if twitter would get one, twitter.new would bring you somewhere where you could directly start typing a new tweet.
Just read all the horror stories about apps on Google Play.
Or what is when Ford will never get ford.new, is it free to register by anyone?
Trademark law still exists, this is a solved problem.
I'm not a web dev, but I've dabbled a bit over the years. So I guess I could be missing something. I'm sure the right marketing could make this work.