Originally Posted by pocketkangaroo

Not necessarily. What they did is cloak the site so that when Google came to it, it would 301 to that other site. A 301 is a permanent redirect, which means that Google looks at imlive.net as if it was the other site. It won't rank in the search engines at all.

However, cloaking is against most SE's TOS. It isn't too hard to catch if done poorly, so it may eventually get banned. Either way, the site doesn't even exist as a separate entity in the search engines mind.