I was the Associate Product Manager assigned to Orkut as it prepared to launch. It was not 20% of his time ;-) Orkut was the backup name we had to go with because we couldn't reach a deal to get the name he wanted (eden.com) from a domain squatter.
They paved Paradise and put up a parking lot.
Looks like somebody got it. Do you remember what the squatter's terms were then, or was it simply not for sale at any price?