This post and this post at The Reg are really scary. Reading them, especially the iTunes one, you would immediately think of cybersquatting. But when you learn that the iTunes.co.uk domain was registered 3 years before Apple ever released the iTunes service in the US, and the then you go the address and it now points at the Apple iTunes service, and you start to think that something has gone seriously wrong here. I can understand the claim that Apple make, but, in fairness, they simply have no claim to the domain name. They released a service after the name was already in use. What’s to say they didn’t infringe on the iTunes name – is there a case for suing them? (I have no idea when iTunes started out in the pipeline and whether the name was publically known before the .co.uk was registered, though).
But still. They take the domain away from the registrant so that they can then profit from it, when it was legitimately registered in the first place. It’s just wrong.