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Originally Posted by Mong
Its importance is not more than 0.05% 
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I sort of disagree and agree. Without link text in the equation its importance is indeed like 0.05% (or any low figure). However there is a power that can be used but only if the domain name should reflect the company name or a ideology.
Ideology is an interesting one. In the UK the major DIY (Do It Your Self) company B&Q are under
www.diy.com and rank number one for DIY. DIY is a very common UK acronym. Its links like the above that help it rank number one.
Search for “Coffee” show lots of key words used in the domain ranking 2,3,4,5 etc... like coffeebreakarcade.com because people are linking to it via the link text “Coffee Break Arcade” however look at the number one spot and you have Starbucks.com because of the link text used by the general public.
Personally I feel the domain name should be chosen not because of SEO but branding through the company name because in reality Search Engines don’t bring nearly as s much traffic as people think and direct marketing or viral marketing are much more powerful if you have a good product. The traffic that does come from Search Engines are also not nearly as valuable as people are lead to believe with conversion rates many times less than direct marketing.
Good luck.