You just made the case for sellers. They get the best price and it happens much like a "REAL" live auction.

As for the software Etc. that would start getting pretty sophisticated. Hopefully it wouldn't work so the snipping would stop.

Who says it should be a buyers market and the sellers should suck eggs and take the least possible price? :)

For all the discussion and opinions (many mine) I don't think eBay cares 2 cents. Their stock is overvalued by about double and they are raking in more money every day. Yahoo offers the 5 minute rule, optional for sellers and there are 48 casino chips offered there.

It's going to take an organized movement for people to move somewhere else for the casino auctions.

When was the last time you searched Yahoo for an auction? I bet the buyers there don't mind that they pick up bargains because there is less competition.

The five minute rule is an interestign debate, but I don't think it's going to come to eBay...