Did you guys read the article in Smart Money about Ebay? The article states that one of the sellers ripped off numberous buyers for $$$ and all Ebay did was banned the seller. That sure lowered my confidence in buying stuff from Ebay.
eBay is a listing service. If someone posts classified ads in your newspaper which turn out to be shady deals, do you expect the newspaper to chase down the perpetrator? Do you expect the operators of a flea market to take legal action if a seller at the flea market is selling cheats of some sort?
You don't "buy stuff from eBay"; you buy stuff from other people who are using eBay.