Congrats, South.
I've actually found that if you're ccTLD squatting on someone's domain, especially if they're the ccTLD, and you can get a plain TLD, you do nicely out of something.
Problem of course is them tracking the traffic. You'll need to send it through a meta-refresh, and then something else (I use Propser202 as my stage 2 because it also tracks the traffic).
Unethical? Highly.
In bad faith? Definitely.
Profitable? Certainly.