My initial reaction was very negative towards eBay for making such a move. I use a snipe service for >80% of my bids so initially I thought it would really impact my chances of success. But the reality is, by using a snipe service you are setting your max bid and you are still taking your chances based on whoever else is bidding against you regardless of when they place their bids.
It doesn't really matter if the auction ends at 10:00 or 10:02 or 10:30, if my max (snipe) bid goes in 5 seconds before the initial auction deadline, then I win if nobody outbids my max and I lose if someone outbids my max - just that simple. Sure, it allows someone to continue to bid the item up and maybe eventually win it from me, but then again they are winning the item for more than I was willing to pay.
I might revise my strategy and up my snipe bid amounts to give me a little more buffer, and I don't like that I won't be able to win so many auctions on the cheap, but c'est la vie.
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