Sky

Greetings all,
I have been monitoring a domain name for almost a 3 years now in hopes of
purchasing it when it expires.(DEC 14, 2004) About a year ago, the url
stopped pointing to webpage.
I noticed today it changed it's Name servers to:

NS1.PENDINGRENEWALDELETION.COM 216.168.225.129
NS2.PENDINGRENEWALDELETION.COM 216.168.225.130

Now when I go to the domain, it shows a page from Networksolutions saying:

"If you are not the current registrant and are interested in getting this
domain name, you can submit a backorder through our trusted partner,
SnapNames. There is no upfront fee or risk to place a backorder. "
My question is, should I attempt to back order it or just keep waiting and
hope that I can pick it up when the expiration process is completed? Is
SnapNames a reputable company?

Opinions?

Thanks,
Sky