The value is in typo squatting co. No doubt about that. Lookup the .cm story (The Man Who Owns the Internet on Business 2.0 back when it was running - Kevin H

The value is in typo squatting co. No doubt about that. Lookup the .cm story (The Man Who Owns the Internet on Business 2.0 back when it was running - Kevin Ham). He wildcarded the Cameroonian DNS and caught all the typos. Since he didn't register them, he wasn't typo squatting either, everything was wildcarded. Brilliant business move, .co is the same thing in terms of opportunity. As far as riskiness, you never know.