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Rath said:

There are hundreds of workarounds for the limitations in IPV4 and IPV6 should fix the problem. We will never actually run into horrible difficulties due to the lack of IPV4 addresses (which I must say were never actually designed for the use they are currently getting) due to some rather clever people limiting the problems until IPv6 is dominant.

Edit: And yes, giving out class A networks was probably a bad idea. They didn't know that at the time however.

Could you give some specifics of the workarounds? Do you mean reuse of already-sold address space and technically unusable space? Because those have some serious compatibility and software/hardware support issues.

And they've got to be in place by the beginning of 2012, because that's when the first RIR will run out of addresses (the /8 pool being exhausted long before).