Are domain names still a vital part of SEO strategy?

it`s one of the 200 other factors thats are analyzed by Google

words It's A Good Way or Recommended To Choose a Domain That Name Contains Key

A domain name is a unique name for a website.Once you apply it to your website, users can reach your website by typing this domain name into the browser's address bar.The main work of domain name are generic words which can be valuable for type-in traffic and for the dominant position they would have in any field due to their descriptive nature. Every website has its own, unique domain name.Choosing the perfect domain name is crucial to the survival of your website no matter what type of site you want to build.If you have a good domain name which having good search engine page ranking means that will assist you more traffic and visitors to your site .So getting a good domain name is importand for the SEO .Choosing the perfect domain name is crucial to the survival of your website no matter what type of site you want to build.So try get a good domain .For getting a good domain name in terms of accessibility & SEO  you need to follow some factors given below1.Domain name must be short2.Try to avoid too many '_' symbol in your domain name.3.Get the domain name that related to your business or product or organization4.If you want to get the domain extension .com and that is not available means try to register the new domain with the other extension like .org, .info, .edu, etc .Also be careful to choose the domain registrar.Try to sellect good and reputed domain registrar like XnYnZ.com

Hello Syed YES IT IS, as far as Google is still highlighting the URL part/keyword related to the search term you used then its vital! As a researcher with good background in statistics, I believe that this is one of the important factors to be used in an evaluation model, still I need to control keywords rich domains spam, which google is aware about.
Matt Cuts, made what I consider a semi official announcement about this, you can see it here: http://www.youtube.com/watch?feature=player_embedded&v=rAWFv43qubI They still consider it a ranking factor, but with less importance, but its a factor i wont ignore in my SEO strategy.