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Domain Suspended?

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Hi, sorry if this question seems stupid, but I don't know much at all about domains or how the system works. Basically I've noticed that a domain that would be useful to my business that was due for expiry in October 2010 has not been renewed and is now 'Suspended'. It's a .co.uk domain. I've heard that it takes around 90 days from the should of been renewal date to it being available again, is this right?

Also, should I just wait until it is available and register it like a normal domain or do I need to use a drop catcher? It's an excellent domain just in a very specific field.

Any advice or help would be much appreciated.

Thanks
 
Hi, If it's a pretty good domain chances are the catchers will be going for it.
 
Thanks Aaron, how much would it cost (roughly) to use a drop catcher to try to get the domain for me?
 
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