Twitter squatting (squitting?)

Richard Stiennon today blogs about how valuable Twitter IDs have become - and that means squatting, just like with Web domains, becomes an issue:

Is there evidence of Twitter squatting (squitting?) Let's check. Yup, every single-letter TwitID is taken. Some are legitimate (Check out "S" for instance, that is a cool personal email assistant service) but X, Y, and Z are place holders. How about common words? Garage, wow, war, warcraft, Crisco, Coke, Pepsi,Nike, and Chevrolet are all taken.

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