"Bubo" is an actual word with 874,000 Google results!
http://www.google.com/search?hl=en&q=bubo
Most everyone has heard the news that social networking site Bebo.com was just bought by AOL for 3/4 of a Billion dollars...
http://news.yahoo.com/s/ap/20080313..._te/aol_bebo_14
Obviously the reasons paid for Bubo.com are not simply because of it's domain, however the owners of Bebo.com obviously thought thier domain was brandable enough to be worth the investment of time and resources into it to begin with, and this is a very similar domain name with the only difference being that another vowel (u) replaces the "e" and is a .tv
The word "bubo" is a genus of owls as you can see from Wikipedia encompassing many different owl species:
http://en.wikipedia.org/wiki/Bubo_%28genus%29
This domain would be great for any use but would be particularly valuable for bird watchers and videos of birds which is a very popular hobby which is evidenced by the fact that all major extensions are taken. Here's one thats developed:
http://www.bubo.org/
Perhaps best of all is that this is a regular domain renewal at Godaddy so no crazy premium pricing by .tv to re-reg it.
Try finding a LLLL.TV that is an *actual word* with nearly a Million Google results that DOES'NT have premium ($500+) annual renewals. Good luck!
Actually, I had really intended to develop this domain so I registered it for several years and it is reg'd until 8/21/2010 at Godaddy!
$275 BIN OBO