Mircosoft does this, yahoo does this, google (as mentioned) does this, and hey why not - WE do it
Wrong spelling was a big deal a few years ago, and even today we have a few domains that are spelled wrong specifically to catch the traffic we would have missed.
But for us, primarily we use additional domains to link to internal folders/files directly. We also use certain domains in marketing (offline marketing) as it's easier to print "handsonhosting" than it is "handsonwebhosting" and hope the user doesn't spell it wrong.