Thanks for all the input guys. I agree with what hardcorehosting said.... and I am not ready to run with it yet. I have an idea and a very specific type of domain name that I need to make it work (ie pussy.com vs felineloversoftheworld.com) It just doesn't work for me. This project is a few months away (at the least) and who knows the dotcom domain might be mine before it's over with anyway.
