Pheenix just "caught" a domain for me, 5 days after it dropped. The domain dropped on December 11. I checked WHOIS, and it was registered by Pheenix today, December 16. It took them 5 days to be able to register the name after it dropped, and I've been charged $29 for a name that has been available to hand-register for $9 for the past 5 days... They really have no shame in how they conduct their business (regging a name 5 days after it drops can hardly be called a "drop-catching" service and it is certainly not worth $29, when I could have done it for $9 myself, five days ago).