Is the EMD gone for every extension? There is no difference between ranking a .com or a .me (unless geographically related)
Personally I have stepped away from EMD's and started to use phrase match domains instead that sound more brandable. I wouldn't be surprised to see penguin 2.0 target EMD's, Matt Cutts promised something big - that would certainly be big! Also think it is easy to tell the difference between an emd term for a general query over a branded term for a company name which also uses emd's.
I have noticed phrase match domains are a bit harder to rank and take a bit more elbow grease, but I build my sites for the future not what works right now.