do i see many number of registrar these days or its the same registrar opening new ones with different name to gain more connections to the registry to snag domains? ?!:confused:

Frankly, if they meet ICANN accreditation requirements (and pay the fees of course), I don't see any problem with that. After all, I don't think name-snapping makes up such a big chunk of their sales. ;) :cool:

whats the fees? $500K or something?

http://www.icann.org/registrars/accreditation-financials.htm

I agree with nameslave, expired snapping services might be a good way to augment a registrars income but I doubt they comprise the bulk of their income.