Thanks pubdomains.in - a very helpful post!

I agree that a site shutdown is really bad. My understanding is that the moment you appeal to a court of competent jurisdiction, this is stayed and your website goes back up.

However, I agree with you that the URS is much worse than the UDRP (which is already pretty bad).

The problem is that all of these procedures were simply meant to deal with the most obvious cases of cybersquatting. However, the panelists have extended their powers far beyond that.