Looks very promising from your review. I do like the widget auction function that makes it easier to place a live auction on the front page without cluttering up auctions with content. It looks much better than the phpBay.com script that just performs an ebay/wordpress affiliate link. I also like the capacity of hosting and running my own auctions.

I'm going to seriously consider implementing this script in the new version of BazaarCatalog.com (a non-profit group that supports the less fortunate).

One question I would have in the options settings is if you turn on the "Buy it now" option... once the auction is live and someone makes the starting bid... does the "buy it now" button disappear with the first bid, or does it stay up until the auction bid prices rises above (or near) the "buy it now" price? (I hope that wasn't confusing... it makes perfect sense to me... :)