First Microsoft tries to buy Yahoo!, now Yahoo! raises their domain renewal rates.

Important note: Beginning on July 1, 2008, Yahoo!'s annual domain renewal price increases to $34.95 per year.

If this is accurate would this be considered Highway Robbery? Or do they think their customers are fools? Can they really justify that large an increase? Or are they just being greedy and hope their customers don't Google for GoDaddy.com?