I think it is a completely useless system. I think feedback should be blind until both the buyer and the seller post, or until the time limit for leaving feedback is passed.
So often I see sellers with positive feedback that says very negative things in the comment- most likely out of fear of the revenge feedback.
Half.com used to have a 1-5 feedback system, instead of just good/bad. A 4 was considered good feedback and a 5 was above and beyond. So there was a way to say good, but not great. The numbers were averaged together, but even bad feedback, a 2, did not have to be terrible feedback, a 1. When ebay took them over they went to positive/negative and I stopped selling for a while. It is worthless because of the revenge feedback.
I particularly hate sellers who say they will not leave feedback until after the buyer has. The seller should leave feedback first. They already know if the buyer paid promptly. The buyer is the one who needs to wait and look at the product.






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