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IMHO I think that's the right thing to do, but I'd bump it up and try and build out say 100 odd + relevant page ... only other idea that comes to mind, but it depends on the keywords of the domain is to park it at say fabulous.com and try and make a few $'s off it for a few months ... but I think if it's a project u'r going to develop u'r best off laying some seo groundwork now.
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