Ha. Good point. This was done at work, where we use MS Server's DNS.
<strike>I'm not sure if this is an artifact of our longer TTL, if MS is updating MS server DNS entries, or something else. Either way, at some point in time or in certain places, traffic resolved by no-ip was/is under Microsoft control.</strike>
EDIT: Looks like it may actually be a result of our shorter TTL, since google DNS appears to have 5.7 hours left on their records for no-ip.
Confirmed by a couple queries to the {a..k}.gtld.biz nameservers.