Webwork - 2:09 am on May 11, 2004 (gmt 0)

M_M - I don't think the question is really about the FMV of the domain but rather the impact of the '-' on SE marketing.

Strictly from the POV of "where do you show up in the SERPs, all other things being equal" there's some evidence that the SEs parse or possibly weigh the hyphenated domains a bit more favorably. Ergo, from a 'value in use' perspective, if the domain is an industry phrase, SE parsing and the natural language of the backlinks may make the hyphenated domain more valuable, not in a FMV sense but in a ongoing revenue generating sense.

At least that's consistent with how I interpret his question.