Yeah, I was pretty irritated by that... two bozo's come in on the last 5 minutes of the auction and outbid me. I don't mind that they outbid me but that they waited until the last minute so I wouldn't have a chance to respond -- it just strikes me a dishonest, in a "real" auction everybody gets a chance to bid until the price goes as high as it can and even then you have a chance to counterbid.
I'm pretty turned off by my ebay experiences... I doubt I'll ever use it again.
Jason.