Well, honestly I really don't have a need for it other than to direct traffic to my new site. I just moved my web site to a .net which I regiestered for 5 years when they grabbed the .com site.
They actually came to me trying to sell it the very next day. I'm sure if they were camped onto it they knew who the previous owner was and that is why they contacted me trying to take me to the cleaners.
The best part of the whole thing is that their email stated that they had acquired the domain name to "protect me from domain name speculators who will try to charge you $1,000s to sell it back to me". Wow, and your only going to charge me $1,000 plus "paperwork fees" to transfer it? Where do I sign up!
I don't know who would be the bigger idiot, the person that actually buys their story, or the guy that runs their operation thinking that people will believe them.
I would really have a good laugh if they renew it for another 5 or 10 years thinking they have someone's "business" by the short and curlies and that it will only be a matter of time before I can't live without it anymore.
Thanks everyone for your suggestions. If I got the correct drift of most of those "snap" web sites, it looks like they charge you to basicly get in line, yet there is no guaranty that you will even get your domain back anyway. If I'm not willing to pay the current owner $1 to buy it back I guess I don't see the point of paying someone for the privilage of waiting in line for it.