Thats different qualitatively and quantitatively than buying patent rights for cheap (since the even the original patent holders didn't think it was worth much) and suing random people who happen to use a product that may infringe on the patent.
You answered that yourself, didn't you? You first said that Transmeta became a patent troll. But the one doing the trolling (a word related to "trawling") is Intellectual Ventures. Not Transmeta, the latter did actual work and did create products.
So intellectual ventures - notably a different company than transmeta - is being a patent troll. That means transmeta became a patent troll too?
Why should I believe what you say anyway? Wendy Verlander - notably a different person than you - is a well known patent troll. That means you are just another patent troll not worth my attention. (At least according to your reasoning).