What a wacky thread...
It seems everyone who is defending squatters, or at least claiming to not understand the big picture are also the ones with nothing to lose. If you had a large site then you would be a target and it would matter to you.
I wouldn't care if someone used squatted domain to sell potato chips and never sold one bag. As Zilla said, it's the principal. I fuckin' hate anyone who goes about this business the unethical way. If you have to resort to such tactics then you don't deserve to succeed.
I find someone stealing my gallery designs almost everyday and now that I have begun investigating my domains.... well, let's just say I'm really pissed now.
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Make $$$ the Diabolical Way