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Private Label Custom Domains - seriously, what the hell?

I've seen my share of bad web products. Some are bad because they are poorly implemented, others are bad because they are ill-conceived. The new Private Label Custom Domains product from FeedBlitz definitely falls into the latter category. To be honest, I'm not even sure where to start here. From what I can gather, FeedBlitz wants me to pay them for the privilege of syndicating my content onto...