Not if he can show that he owned the domain name before Apple established trademark. Now here is the tricky part if you use it to blur Apples Trademark on table

Not if he can show that he owned the domain name before Apple established trademark. Now here is the tricky part if you use it to blur Apples Trademark on tablet computing and possibly (it's a stretch) Personal Electronics it could be argued that you are trying to cause confusion in the market place. If you offer to sell it to apple you could be accused of squatting if you owned it before Apple established trademark then you have a defensible position. So, Selling iPads would give the indication that you are an Authorized reseller, you are not which means legal trouble. Selling software or ebooks for the iPad is a gray area, while it is not a competing product for the trademark it could successfully be argued that it is causing confusion in the marketplace. Selling a USB enabled trampoline that you have named the iPad will most likely still get Apple after you, but it is very defensible, unless Apple could successfully argue for broader coverage that the Trademark applies to all personal electronics.