Free Domain name, myth or reality??

Today, i read one strange thing on Sudeep's Blog that is about " Getting Free Domain ". We can get free banner/AD supported hosting space with the ugly domain names appearing all the time in the URL bar. But about the domain, i was quit skeptical and am still skeptical.

The site called fanku.net is giving away free domain names as it claims boldly. It can't give you free space,but just a mere domain name which you must point to some other long URL link of yours. At first it may excite us but giving domain name for free, which we have to pay for normally,seems crazy idea.

The owner of Fanku.net is Vincent Valentine as Registrant and the Registrar of this Fanku.net domain is the notorious godaddy. Now, the question, will Godaddy allow this man to give free domain names?? or is there any tie-up between them? may be Yes, else Godaddy would already have frozen his domain name. He also feared that if this project works, he could be rich else he could be bankrupt. That means, this guy is shelling out his own money for his so-called free domains which as a end user we are supposed to get. This is clear when anyone who signup for free has to wait for sometime or for queue-up. If this guy were an experienced network administrator or engineer, we wouldn't have to wait that long but since he's buying domains from third party and providing us for free(it seems to me that way,at least), it'll take times. Or i doubt does he really give Domain for free? since, Sudeep has not got his domain name yet(after several days of request). I doubt if this guy(Vincent) is cybersquatting.

Trade-off(disadvantage): You'll have to show their Banners at the end of page(which is ugly).

Sign of Sigh(advantage): long url will get short unique name (eg: http://mychemistryblog.blogspot.com/ could be just http://www.mychemistryblog.com )

Try your luck, best of luck and words of suggestion: don't give genuine domain names in your mind for the time being. Just try if it works with less important names.