Have heard several here say use reserve or make your starting bid what you want for the item.
Here's the deal on that....believe it or not ebay charges to sell on their site. Auctions are terribly expensive just for listing fees and then if you add bells and whistles like reserves it's even more.
Lets say you need $100 for an item. If you start the bidding at $100 the ebay listings fees are a lot more than if you start the bidding at $1.
Another reason for starting the bidding low is the way the ebay search engines work. I'm not going to go explaining that but trust me, if you start the bidding at $1 on a $500 or whatever item with no reserve, that item will usually go over what you wanted for it just due to search engine boost.
Ebay is a very expensive venue for sellers who auction their items and one day soon Ebay will be all BIN's. BIN's are cheap to list and there is no risk involved for sellers.
I hear ya on pulling the auction. I hate that shit but it's part of the game and to be expected. I appreciate those that give me the opportunity to bid auction style. Risky as a seller but as a buyer you can get a deal from time to time.