It seems like it would be confusing for anyone. Especially that it doesn't just remove the lowest level domain if it's www, but any part if it's www. So "www.pa

It seems like it would be confusing for anyone. Especially that it doesn't just remove the lowest level domain if it's www, but any part if it's www. So "www.paypal.www.com" would be displayed as "paypal.com". If that isn't great for phishing I don't know what is.