One word phrases are looking pretty good according to a forum post. With so many SEOs purposely not going after them, it presents an opportunity to grab those top rankings for those magical traffic drivers.
http://www.seo-news.com/cgi-bin/gforum/gforum.cgi?post=7926;sb=post_latest_reply;so=ASC;forum_view=forum_view_collapsed;guest=1932728