Exactly. The alternative of not doing a Dutch auction at launch is much worst; valuable names end up in the hands of squatters who are perfectly happy to sit on many names that remain unused so long as they can sell a few at exorbitant prices. The average non-squatter registrant is better off with EAP and premium prices, as the prices you pay during EAP are lower than what a squatter would try to get out of you for the same domain.