Slashdot talks about the RealNames "Blame Microsoft" game, making the long post I was going to write on the subject completely redundant.
A company whose business plan solely consists of maintaining a single contract is doomed. A company whose business plan consists of maintaining a contract with Microsoft, notorious for only ever looking out for number one, is doubly doomed. That RealNames got investors at all is another example of the dot-bomb lunacy writ large.