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mickmel - 2:50 pm on May 23, 2008 (gmt 0)
Many SEO questions have a balance -- is "A" better or is "B" better? This isn't one of those. Extending a domain for a longer period of time either helps or makes no difference; it can't hurt.
I agree with buckworks -- if it might help, and it certainly won't hurt, why not renew for a few extra years?