Hi, It is a sub domain name that is free for the first year. It is better to go for a top- level domain name as it is troublesome to switch from a sub-domain name after you have done all the advertising work.
Just noticed this thread, it was exactly what I was looking for I won't be getting any more .co.cc's anymore unless it is temp. Looks like your cheaper buying a .info domain for 2 years.
It's a subdomain. You have no protection. They can change the rules, increase fees, or yank the name away from you and there is nothing you can do about it. web.com used to offer free subdomains but changed ownership and their business model and everyone lost their domain names.
they keep on changing rules these days.. the point is dont trust that and put much effort .info is good to start with.