Russell Shaw over on BBHub is reporting that one of the owners of the domain name has been contacted by Research in Motion and that a deal has been worked out to transfer ownership of the domain to RIM.

Registering domain names in anticipation of a company wanting to use that domain name later, or cybersquatting as it is often called, can be quite lucrative when compared to the 8 to 10 dollar initial investment. Cas Thompson, the cybersquatter that owned hasn’t disclosed the terms of the agreement with RIM, however, says that the BlackBerry maker has ‘huge’ plans for the site and that the BlackBerry 8800 will be available very soon.

BlackBerry 8800