with charging listing fees and FVFs, it's just another ebay clone (like Overstock, etc) Between that and the fiasco bit, I simply dont see it as being much competition to ebay and the other, already established, venues.
If Ray was doing free listings with a modest FVF, then it might have a chance, but with fiasco, and both listing and final value fees, I just dont see it happening. I know I'm not going to invest time and $ and listing fees on the site, esp. not with the bitter taste that everyone still has in their mouths.