Anonymous Domain Registration for Protecting Privacy?

morpheus 2001 asks: "I'm a recent graduate working in a corporate environment. I would to register a domain for a blog, but want to protect my privacy. I would also like keep my employer (and others in my professional circle) from realizing that I am the author by checking the WHOIS for the domain. Under the current ICANN rules, anyone who registers a domain must provide their personal contact information. There are several domain registrars who claim to allow one to register a domain anonymously. They do this by registering in their name, but 'guarantee' the I retain ownership of the domain and can transfer it at any time to another registrar. Has anyone used an anonymous registrar? Did you have any problems retaining ownership? Do you have any recommendations for a reputable registrar? Is this a really stupid idead and bound to cause trouble?"