Yes, and make sure to notify Google of the 301 from inside their Webmaster Tools site, as well. Also, run a Yahoo Site Explorer search to see who is linking to

Yes, and make sure to notify Google of the 301 from inside their Webmaster Tools site, as well. Also, run a Yahoo Site Explorer search to see who is linking to you, and email all those folks to have them change the links to your new domain. A caveat: You may lose search engine rankings for a few weeks. My site was ranking #4 for a specific keyword and I changed the domain. Did everything right--301 redirect; notified Google. I have a service that checks my rankings every day. I noticed the site dropped from the rankings ENTIRELY for 3 weeks! But then it came back with the new domain...and at #1 for that search term. :) Just know that even doing everything right means you may still have a waiting period. By the way, I'm shocked this guy just let his old domain name waste away. Fortunately, it appears he still has the name. If the OP is reading this, for Pete's sake, do a 301 before you lose all your Google juice!