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I think it's retarded. Honestly, the sale of such things is an outgrowth of the grind-heavy game mechanics and the importance of random drops. If they wanted to stop it, they should just change the game mechanics.
Surprised that anyone's dumb enough to pay for ANet items, though. Even the rarest of ultimately rare drops is worth no more, in game mechanic terms, than a perfectly average object with the right perfectly average upgrades.
Considering that there are already other bidding/trading sites catering directly to this sort of thing, all it's going to be is lost business for eBay, more business for them. The sales will not decline at all.
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