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According to this great article at PS3 Fanboy, selling PS3s at higher prices on eBay is both illegal and unethical.

First, the legal aspect: Think about ticket scalpers – those who resell tickets to events at higher prices. It’s illegal. Sure, we can argue all day about how people have a right to make money any way they want, and we can argue that as long as eBay allows the auctions, they’re legal. But according to the precedent that ticket scalping sets, it’s illegal to sell the PS3s at a huge markup.

Next, the ethical aspect. It’s unethical to buy the console with the sole intention of profiting heavily by taking advantage of people desperate to get the console. Once again, we can argue for days about how anyone who’s willing to pay the money to get the console sooner is not being taken advantage of. After all, the console is not a life-or-death item, and if people are willing to pay more to have it NOW, let them.

In other industries, with other products, would the manufacturers put a stop to these sorts of auctions? I don’t know. Do Sony and Microsoft allow them just for the publicity – so they can say “look how much people are willing to pay for our hardware?” I don’t know. What do you think?

Arguments aside, PS3 Fanboy has settled the issue for us, once and for all. *snort*