its a PRE-registration folks ... just like every other pre-registration of a new TLD
they are done all the time by registrars
the registrar behind this one is not a scam, its domain name systems - one of the largest registrars especially for our industry ;)
the 75 dollars is what ICANN estimated the cost of the domain to be, nobody can control that cost other then them. If they change the rate, customer gets refunded. If the registering of the domain doesn't go through .. customer gets refunded.
Most of the old timers know Gord, if you have a question why don't you just email their support, I'm sure they'd be happy to answer any of your questions just as they did mine
