I think what the whiners want, is for sellers to have the right to
arbitrarily extend the bidding period if it looks like there is a
bidding battle in the last few seconds. In my opinion that would be at
much more slimey than sniping. A whole new can of worms that would
quickly get me off of eBay bidding.

As a seller, a bidding frenzy is exactly what I want.
In my opinion, I think last minute snipping drives the price up.
Why; because it encourages bidders to put in a high bid knowing
its their ONLY chance to get the item. So everyone is placing
max bids at the very end. I still think that ebay gets top dollar
and I don't think sellers are getting hurt at all. It
would be interesting to compare to other sites though.