ICANN had a board meeting yesterday (Tuesday March 13, 2007), to discuss .xxx and other topics. Keep an eye on:
http://www.icann.org/minutes/
as the minutes are supposed to be published within 5 business days. I would think, though, that they won't make any decision until at least the meeting later this month in Lisbon, Portugal, as the GAC (Governmental Advisory Committee) still hasn't fully weighed in. But, predicting what the Board will do is tricky, as they've done unpopular things without any shame (e.g. approving the 7% annual price increases in .com, despite overwhelming opposition).