Nope. It was registered April 26 2010 by ".CO Founders program".
.CO founders are hand-picked to ensure the domain will "contribute to the .CO community in a meaningful way." In return, they get get first dibs on a .CO domain name, which will be publicly launched in July 2010. (http://www.cointernet.co/domain/become-co-founder)
Maybe it is registered under the program's name instead of the actual registrant to ensure registrants under the program stick with their originally-submitted plan. Or at least they can't turn around and change it to a domain parked ad page.
Or perhaps the whois registrant name will be changed after the public launch.
