Chop, that domain is in the "redemtion period".
Quote:
Domain Name: 757SEX.COM
Registrar: MONIKER ONLINE SERVICES, INC.
Whois Server: whois.moniker.com
Referral URL: http://www.moniker.com/whois.html
Name Server: NS3.MONIKER.COM
Name Server: NS4.MONIKER.COM
Status: REDEMPTIONPERIOD
Updated Date: 12-aug-2004
Creation Date: 08-jul-2002
Expiration Date: 08-jul-2004
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It has expired, but has not yet been released by moniker.com (the registrar). Different companies seem to have different ways of treating this, but I think it is about 3 weeks to a month.
I think you can buy it directly from them as well, for a price.
Alex