If I needed to pick up an available domain for a development project today:
I'd take a great LLLLL.com. They
are there if you just take several minutes to look. Rather than a half-decent LLLL.net you need to s-t-r-e-t-c-h to be loosely related to the website at all.
However, it seems like a buyout is much closer in sight for LLLL.net than LLLLL.com. If you ask me, LLLL.net is the safer investment than LLLLL.com if you're planning to make a flip on the reseller market. All the quad premium LLLL.net are gone but if you pick a few triple-premium LLLL.net that are not too bad then you're unlikely to lose your reg-fee. If you decide to get out quickly, then you might make a few bucks. If you're patient and wait at least several months, you could make a healthy profit.
Still, I don't recommend dumping your money into LLLL.net en-masse at this point unless you're confident and you can promise yourself you will definitely hold on to the domains for more than one year. If you try to liquidate your inventory too soon after, then you're unlikely to make a profit that's worth your time because buyers expect a good discount when you're making a bulk deal. I'd definitely not recommend maxing out credit cards to buy up LLLL.net if you can't afford to pay it off in full when the bill comes (credit card interest rates are scary, they can eat up your profits very quickly OR worse you could plunge into mountains of debt if anything goes sour).
You'll need to be even more selective when it comes to LLLLL.com. There are many, many still available so only take the best of the best. The LLLLL.com buyout will probably not come for at least 2/3 years. LLLLL.com may take up to several years to get bought out, or they might never be! The risk is very real when you buy LLLLL.com, especially in bulk. They are not a quick flip, generally. You could never see the reg fees again if you pick any names that are less than the best of the best.
:imho:
Addition: I believe L-LL/LL-L.com represent the BEST investment opportunity at the moment that you can still get in on (at reg fee). Hurry up and I look forward to seeing you in the thread below!
http://www.namepros.com/393482-official-final-countdown-l-ll-ll-28.html