<font color="blue">"Well, the good news bottom line to all of this is.. No one bid on the thing."</font>
OF COURSE no one bid. No one COULD bid. That's how this scam works. You have to email the seller to be approved as a bidder. Typically, anyone doing so will tell the seller they'll buy the thing for the 'Buy it now' price.
At that point, the seller tries to make arrangements for a down payment or deposit or even a full payment to be sent. Even if the potential buyer sees the 'Item is no longer available' notation, the seller can simply say they removed the auction because you're buying it.
Credit where credit is due here. It's a pretty slick deal that isn't short-circuited even when Ebay pulls the listing.