Is this a Joke? .CM domains $350 per domain down.

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I am not sure if this is a joke or not? Let me see if I understand this correctly? We are supposed to pay $350 in advance for a .cm domain plus reg fees? Then go to auction at NameJet auction and bid for it. If we lose we don't get the money back as it is only credited to our Moniker accounts and can only be used for domain expenses. Is it because .cm looks like a .com misspelling? Also, why are the reg fees hidden? How much are reg fees? If I grabbed 100 of them like I did on both the .Asia land rush and the .Mobi land rush it would cost a fortune. I say step right up to the plate folks and get screwed again! I am not biting on this time, "are you?"

Do I smell another .Mobi or .Asia on scam the horizon. Penny for your thoughts guys? Only 2 years mandatory registration like the .Mobi's were, cough... Perhaps they will succeed, I dunno. It would be easier to type in than a .com I suppose.

You can count me out of the .cm land rush. Who has that kind of money laying around to take a gamble with? I dropped virtually all of my .Asias and Mobi's that I snagged in those land rushes as they were a huge flop. I could not sell them for reg fees. They got virtually no traffic also. They were dead weight to me. How can they claim they get natural traffic (as they are promulgating) when they have never been parked? I smell a rat guys, do you?

.CM domains are now available for Landrush pre-orders. Find out more!
Am I missing something here? Is this a deal and I am just not seeing it? Are there any threads on this subject in the forum that I perhaps missed? This looks ludicrous to me!