You are right, you are not violating copyright, you are violating trademark law.
You are a cybersquatter, that is quite clear. Not only do you have no interest in th domain, you even make reference why it sounds so good. There is even a link to bay. If I was a lawyer, I would have a screen shot of this and your chances of retaining the domain in a dispute is nil.
Coolalex, do a search on keywords "tm" and then "trademark" and spend about 3 days reading before you post in legals again.
bay-e, if you are contacted, just do as they ask. This is a losing case.