I have a few keywords on preorder but it's certain they will be subject to auctions. So my total allocated budget might actually amount to $0.
I don't want to waste money in bidding wars (especially bidding against people who have no clue). (*)
Now it's possible that in the aftermath the auctions we will see some quick flip sales here and there. Good deals could still take place after the dust has settled.
I want to stress that I will go after Spanish generic keywords, or keywords that are otherwise fit for the local market. .co will be valid in Columbia no matter what.
Trying to market .co as an alt extension to the rest of the world is quite another matter (hint: many domainers will be disappointed).
I don't even think that .co will perform as well as .me/.tv. Because the proximity with .com will be a source of confusion for non-savvy Internet users.
That's what people need to understand, for a TLD to thrive, a certain amount of critical mass must be attained. The critical mass will be there in Columbia because, like other countries, they will embrace their extension. They already have, with .com.co.
For the rest of the world, it's yet another vanity extension.
(*) It is quite funny that newbies are so desperate, they are looking for the second coming of .com in every new TLD launch, and they are blind to the bargains that are available to them every day. There are here, right in front of you.