"Hi, this is Andrew from the GoToMeeting search marketing team. I just posted over on the MeetingBurner blog as well. We do not use competitive names in search ads, but we do follow the common industry practice of bidding on competitive terms. In the instance of this ad, we were using a Google method called dynamic keyword insertion which delivers the searcher's query in the ad title. For example, if you were searching on the term "web conferencing," that query would appear in the ad title. In this case, the user entered "meeting burner" in the search field and it appeared in the ad title. This is why the Meeting Burner name showed up in the ad. Our search marketing efforts are never intended to deceive the searcher."
Edit: I couldn't find anything in the FAQ about this, but if a post like this is not really accurately representing a situation, is that something I should flag? I feel that is beyond simply "disagreeing with the post", but I don't want to start abusing the feature.