Folks that do that kind of irritate me. Sure, you can do what you like with the domain, but it's like they are being uncooperative for the sake of being uncooperative.
Yes, this is true. It looks like steam.com wasn't the particular case I was thinking of; one such instance with what must have been another company, the landing page basically made it clear the owner was squatting the domain to piss of the company that wanted it.