Sparhawke,
I think dropcathing pending deletes is not the problem. The problem is pre-release domains. The registry gives registrars 45 free days after expiry. During that time the registrars scan the domains, check traffic, check other criteria and then keep the domain for themselves if they like it. If they don't like it they auction it off while it is still under their control during these 45 days.
Let's take the domain TECHNICALSALES.COM as an example. This domain belonged to a register.com customer. It expired on 18 January 2011. This is 30 days ago.
The central registry verisign auto renewed the domain for one more year for fee and it will stay so for 45 days. All expired domains get auto renewed free for 45 days.
Then register.com gave 20 days to the previous owner to recover his domain. He didn't. Register.com took ownership of the domain and send it to auction at snapnames while attaching a minimum price of $5000 USD.
Check out the whois of technicalsales.com and you will see that is is expired.
Domain Name: TECHNICALSALES.COM
Registrar: REGISTER.COM, INC.
Whois Server: whois.register.com
Referral URL:
http://www.register.com
Name Server: NS1.EXPIREDDOMAINS.REGISTER.COM
Name Server: NS2.EXPIREDDOMAINS.REGISTER.COM
Status: clientTransferProhibited
Updated Date: 20-jan-2011
Creation Date: 18-jan-2000
Expiration Date: 18-jan-2012
Also check out this auction page:
https://www.snapnames.com/domain/technicalsales.com.action?
What is wrong here is that registrars take over ownership of their customer's domains for their own financial gain. I'm not talking about pending deletes. Pending deletes are released by the registry. However a high quality expired domain will never reach pending delete because it need to go through pre-release first.