Great tips! I definitely agree that domain registration is a flawed system and cyber squatting is annoying.

I believe that a name is very important. It is how people identify with your business. If it is difficult to remember your business will have a hard time capturing that very valuable "word of mouth".

I would always suggest putting the money into trademarking your name because then you have a leg to stand on if you want to go after someone sitting on your useful domain.