It's the price you have to pay for choosing a brand name whose .com you don't own/can't buy.

Dealing with squatters is the price we as web developers/entrepreneurs must pay? If domain names actually required a registered business to purchase a domain name that'd make perfect sense. Unfortunately I could go buy sligenterprises.com and you'd be out of luck if that's what your product was best represented as (except for suing me). I'd amount it to putting up a big ass sign, waiting for someone to also use a similar name, then you change the sign to have a competitor's phone number beneath the name. How is the legalese in that "you are screwed?"

I agree with you, but in this case the original owner wasn't a squatter.