I read about this a few days ago.
There was an article on CNBC about how Kevin Spacey bought up Kevinspacey.sucks, and Yahoo! bought yahoo.sucks.
This domain is a bit of a shakedown, and it doesn't add much to the public discussion. However, ICANN created this monster, and were happy to take the money to create it. I guess now they are getting nasty calls from their corporate masters who have to defensively buy up the domains now.