The domain has no intrinsic value as it is essentially a misspelling of VIPPhoto, the "foto" spelling makes it a brand, and opens you up to potential trademark claims from the people at foto(dot)com. As a .net the domain has little or no value for development, the .com is a parked page and if you were to develop your .net it would be very difficult for you to prevent the owner of the .com from ending up with a large amount of your traffic. The reason the .com isn't developed could have to do with the trademark issue. Sorry to be so negative but hopefully my frankness will help you and others in the future.