Google has allowed bidding on trademarked terms in the US for 5 yrs now (you just can't use it in the ad copy)
Quote:
Trademark rights in US, UK, Ireland and Canada
When we receive a complaint from a trademark owner, we only investigate the use of the trademark in ad text. If the advertiser is using the trademark in ad text, we will require the advertiser to remove the trademark and prevent them from using it in ad text in the future. Please note that we will not disable keywords in response to a trademark complaint.
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http://www.google.com/tm_complaint_a...plaint.html#in