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venice - 6:38 am on May 15, 2007 (gmt 0)
Just a few months ago I was having breakfast with friends when the topic of music came up. I had an idea on a domain I suspected would get type in traffic so I checked it out (during breakfast). I thought it "too good to be true" that the domain was available but made the $6.95 investment. Using some ideas from bhartzer, Webwork, and my own magic, I had a website up by lunchtime that day. Less than 30 days later traffic was up to 400 uniques daily. Top it off the site just got a PR6 in the past few weeks. While this may be a bit off the topic my point is sometimes it pays to buy first (on instinct) and do the research later.
I like wordtracker and often start my search there. Scan for posts by Webwork in these forums, he has offered lots of great suggestions related to direct navigation domains.