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UPDATE:

I received an email from eBay saying that the seller's account may have been compromised by a third party, that the offer may be a scam, and that the listing was removed. It seems my suspicions on why the payment was taking awhile to clear were correct in that the listing was flagged, and removed a short while ago.

I'll just go ahead and cancel at this point, since eBay flat out said that I'm on my own if I decide to stick with it and it ends up being a scam. It may only be $30, but that's the best way to lure people I suppose. Get $30 a couple hundred times, and suddenly $30 isn't all that small of a number. Plus, I really get annoyed dealing with PayPal's dispute system. It took me a month to actually get $100 back before after a shop kept eternally saying that they were totally getting more of the item in question and would be processing orders. lol yeah, uh huh.

So yeah, it was worth a shot. No harm, no foul.