And they say America is a democracy... this is one step away from the courts granting Microsoft the power to take over no-ip's business and domains permanently.

Reminds me of the old days of communism when you could have your "property" sized since legally speaking everything belonged to the state.

And no you can't say this is different because the courts ordered it since no-ip was not given a chance to defend itself.

How much would like to bet Microsoft presented the case as some rogue Arab sounding names(terrorists?) running shady bot-nets in cooperation with no-ip a company obviously involved in that criminal activity.

Not the largest and well known freed DNS provider in the world that happens to be used by a large number of bot-nets as well.

If this is ok I'm sure you could find millions of reasons to seize goggles domains like indexing warez sites or websites like the pirate bay.