A UDRP was just filed yesterday the World Intellectual Property Organization (WIPO) on the domain name SM.net
The domain name is owned by a M.A. Stenzel (firstname.lastname@example.org) of Kahului, Hawaii and has been owned by him since at least 2003 but could go as far back as 1999.
The domain name is parked and not surprisingly goes to a page full of adult links as S & M is well known as being an abbreviation for Sadomasochism, but actually stands according to Wikipedia.org, for a ton of topics outside of the adult world as well.
The complaint was filed by Fundación Santa María-Ediciones SM, out of Madrid, whose official site seems to be fundacion-sm.com which was first registered in 2006.
We will watch this one.