Update: May 07, 2012It may seem that demonoid is avoiding some issues by changing to a .ph top level domain (TLD). A website about bittorrents said that in early 2011, Demonoid changed its domain from a .com to a .me to avoid US government seizure. Then in July of 2011 it became the most popular website with a .me extension.
Maybe they are avoiding some issues by changing its domain extension again, this time from a .me to a .ph (.PH is the TLD for Philippines). But that is just speculation on my part. Curious, I did a little digging and here is what I found...
The official word about this (from an administrator from the Demonoid forums): They are running a test to see how well the redirects to one of their alternate URLs worked.
There could be other reasons other than that but until it officially comes from the admins of the website, everything else is just a thought.