DNS Trademark Infringement?

Ted Stein writes "The 9th Circuit Court of Appeals in San Diego has unanimously ruled against a "cyber-pirate" who registered domain names containing company names and trademarks, i.e. Panavision and Panaflex (tm). His asking prices were often above $10,000. Although the prices are ridiculous, this raises an important question: do trademark laws apply in cyberspace? Check it out" This stuff has been a debate ever since the mainstream latched on to the internet. I don't have a lot of goodwill towards the gold diggers that snagged the good names early on, but I'm afraid that stuff like this is going to make things like the recent pokey.org mess all the more important.