Looking around another site, I found some info on Clearout Club. Apparently, you do not buy anything directly from them. They just have links to sites you can probably find on your own.
It also seems as if both the telephone number and fax number listed in whois are both disconnected (I did not try this, I am just paraphrasing what I read.)
Also, for the ipod, psp, etc. they just forward you to freeipod.com or freepsp.com or another one of those type of sites.
From the info I found, I definately would not join them.