Tuvalu is sinking?

According to GoDaddy at least that makes them a bad choice for domain names...
http://gizmodo.com/5235114/godaddy-tells-us-not-to-buy-tv-domains-because-tuvalu-is-sinking

Tuvalu history:
http://www.wired.com/wired/archive/6.09/tuvalu_pr.html
http://www.google.com/url?sa=t&source=web&ct=res&cd=5&url=http%3A%2F%2Fen.wikipedia.org%2Fwiki%2FTuvalu&ei=pPD6SZTMLJCmM-ma1dQE&usg=AFQjCNFHSu-Ht3451LxW7Rp_KmO8thwQIw
http://en.wikipedia.org/wiki/Tuvalu
http://archive.salon.com/tech/view/2000/07/24/dot_tv/index.html
http://en.wikipedia.org/wiki/.tv