This is all truly puzzling. Other than "vague" objections like this one, I have yet to hear a rational argument against the proposal anywhere.
What makes does doing nothing (maintain the status quo) preferable? why exactly?
Having the .XXX domain makes it possible to block or filter out all content, and any ISP sources who fail to police themselves would be blocked in their entirety, a rather powerful incentive to not allow content belonging in the .XXX domain.
Does any one have arguments pro and con?
It would put porn on the Internet.
You answered your own question
If everyone had to put their guns in the same place (just to keep children away from them) would you think that was a reasonable idea?
The erosion of freedom begins at the margins. Porn is an extreme form of free speech that hovers close to the edge. But once you start banning things, it is hard to stop.