Sadly it does nothing about domain trolling.
You could make a coin for that.
lolol you could call it antisquatcoin.
Seriously though, all the big brand names are already squatted on Namecoin, so it is perfect for people who want to engage in phishing scams, since there's no way to close down an illegal domain...
"Oh look, I'm on BankofAmerica.bit, sure looks legit to me..." *Enters username and password* Oh noes!