Dear Marketing Wonks:
The next time you come up with some brilliant idea or name the FIRST thing you should do is perform a domain name lookup to see if your name is already taken. If it isn't then you should register it immediately! Do not wait until you make the presentation. Do not pass Go. Do not collect $200. Trying to retroactively take a domain name from some guy who snatched it up because you were too lazy to register it makes no sense. If you have some brilliant idea then chance are there are about 2,000 people out there with the same idea. Cover your ass and do your homework. That is all.
Signed,
The Internet
Never test for an error condition you don't know how to handle. -- Steinbach