wheel - 2:43 pm on Jul 8, 2011 (gmt 0)
I would agree with wheel, not worth the copyright and/or trademark issues
Not quite what I said :). I was attempting to be silent on the issue. I hate copyright infringement, but if nobody cares, then maybe nobody cares. I dunno - no judgement from me on that one.
I think the idea is to let Google think you are the original owner who screwed up. You pick up the domain and put it back in place until you pass some timeframe where Google says 'you're the original owner". Then you use the domain for whatever you want.
Whether this works or not today, I honestly can't say because I haven't tried it in a long long time. But if you're curious, for $8 I'd say some variation of this is worth testing.
The other thing that's testable is to take the dropped domain and 301 it somewhere else, to a related domain. Again, no idea if this passes link juice or not because I haven't tested it in a long long time.
You could 301 to another new domain. Or you could 301 to an existing, stable site, perhaps that makes a difference. Again, no idea. But it's cheap to test.
I wouldn't suggest you do something like 301 a dropped domain to your main domain for testing though. Maybe it works, maybe it doesn't but on a hand review it's going to smell like week old fish.