The way I see it I can do 2 things:
1. Try to contact the person using the contact info in the whois records
2. Wait until it expires and do what Mike Davidson did to buy newsvine.com (see below for link)
The domain is registered with private registration (of course), so I shot an e-mail off a couple of weeks ago to the contact person at the registrar to see if they could put me into contact with the owner. No answer as of yet.
What would you do?
Article Link From Above: http://www.mikeindustries.com/blog/archive/2005/03/how-to-snatch-an-expiring-domain
[Edit: Fixed formatting. I'll get the hang of it yet!]