I would like to know the rationale behind having a promotion so long and with such high renewal cost. Of course for 2 years reg, the cost would come to ~$16.00, but as you register for longer periods, the benefit of the promotion decreases.

I think that the cost of domain renewal should be related to the per capita GDP of the country it is targeted at, otherwise its like just another gTLD.

I agree with Jeff, that the .info was effected a lot due to the pricing scheme of the first year. In fact the same company that manages .info also manages .in.