I have a month to compile a list of the most popular first and last names and popular e-mail names and get a bot ready to register them all.
Once registered, I can then attempt password recovery for these @yahoo.com email addresses at the most popular web sites across the Internet that rely on established identities (ebay.com?).
If JamesSmith@yahoo.com ever used his yahoo id to register an account on EBAY.com, or with another online service, now is my chance to try to steal his online accounts by requesting password resets on these services and assuming his identity.
Now, to build a bot that will do this thousands of times!
Sites with 2 factor authentication may be immune to this, but these identities will now be unrecoverable to somebody who has used his @yahoo address as his recovery e-mail address, even if he doesn't check it often.