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tangor - 8:28 am on Sep 12, 2009 (gmt 0)
There is something to be said about longevity. If it were me, I'd update the site with new content, in reasonable chunks, and go from there. On the other hand, if you have a better domain and start from scratch that might be the way to go. PR is not your guiding issue, so that should not be your primary consideration.
Unusual questions, as in very interesting... the "changes in local laws" being one. However, nothing wrong with a long domain name, particularly if memorable. If that remaining 10% of current income covers operations costs, why not maintain? (Query) If you can expand with new content, why not? (Query) If above work, why move it? (Query)