I feel like we need a chance in policy that makes this practice not worth the trouble. I see no value that he gives the internet. I may be bias though, I can't grab the .com variant of a non profit school I work for because someone like him owns it and wont accept offers for less then $600 bucks.
I know a lot of people who say they hate squatters, then they have an "awesome idea" for a project, they'll register 10 domains, the project is never finished and they put their page on sedo in the hope someone clicks on an ad or buys the domain and they won't let go because it's just $10 a year and maybe they'll someday finish their page.
I honestly don't get the hate for squatters, they registered the domain, they were quicker than others and why should they sell their domainname just because someone else wants it badly? that's not how business works.
if you really want or even need a domainname then offer $3k and you'll get it, otherwise look for alternatives, but stop whining