Your premise in Flatland is still flawed. You are comparing a needed resource, Flatlake, with a luxury item, a Wii. There is no problem with him selling a bucket of water in Flatland either, in fact he could start a small business doing just that, would that be scalping in that case? Also, "Just because it WORKS capitalistically doesn't make it A-OK." is flawed because it DOESN'T MAKE IT WRONG EITHER! People are personally insulting him, that is what is not A-OK. He can sell them for a profit and he will be perfectly within the bounds of ethical business.

He provides a service to those who will pay. In essence his service is to hold the Wii until someone needs it. The retail stores are bound to a fixed price. He however isn't. He can raise the price so people who do not value a Wii at that price will not buy it. He is holding it until someone that values a Wii at the price he is asking purchases it from him.

 This part made me laugh (and get strange stares from co-workers, wondering whats going on at my desk).  You seem to have the same view on things as this individual I know.  The dude also calls himself an opportunist.  Everyone else uses a different word when refering to him   8)

If I were you I wouldn't use analogies in this thread, it seems some people are extremely sensitive to them.

So according to you, the best solution would be for Nintendo to start selling Wiis with an auction system?

So you provide a service/product that was already there, for someone who needs it, but add extra cost. Hmmm, what school teaches that is a symbiote?

 Mine doesn't involve rape, just thievery (another fun word) so I think I'll be alright. 

Next time I'll conduct a poll on what exact analogy I should use :P At least it could stop people from replying to an argument with the "wow I'm offended" defense move.

Except that he's not actually offering a product he created -- he's selling you a product that retailers can't legally sell for above MSRP but he's putting a huge markup on it because demand is high enough to do so.  It's definitely a grey area, and definitely not something a nice person would do. 

People's insulting him is bad but does not make him any closer to being in the right; otherwise Bush would be the greatest leader on the planet.

HE IS A PARASITE ON THE MARKET EVEN IF INDIVIDUAL CUSTOMERS WILLINGLY DO BUSINESS WITH HIM. Just as a monopoly could charge whatever the hell they want for, let's say, deoderant. It's a luxury item -- you can be stinky or bathe more often or use some traditional remedy -- but that doesn't mean that the fact that tons of people would keep buying $50 deoderant sticks turns it into a legitimate business practice. Viability =/= legitimacy.

Don't stray into the Political arena, that is not this topic (Though I understand what you meant). Your argument that Cdude is taking away a bucket of water from the people on one side of Flatlake to give to the people on the other side is still incorrect. Cdude did not go out of his way to buy a second Wii, he saw it and decided to invest in it for a profit. In your analogy he saw a small puddle next to the lake and and decided to take it. The other problem with your argument is now that the people of Flatland no longer need to drink the water, and they only use it for watering their lawn, people now must decide if they want to water their yard today. If they don't then they yard may get a little brown, but they must decide if they want to keep the yard green by watering it or letting it start to wither. Since the supply of the lake is now not meeting demand, people who want to keep their yards green will pay (more) for it. Some people like green yards what can we say? Anyways if he has a bucket of water and some people will already not have water for their yards today, shouldn't the bucket of water go to the highest bidder? I will agree that when you are dealing with a monopoly the rules change. However if there is room in the market for small businesses or entrepenuers then they will exist. Cdude is not however operating as a monopoly. He is acting as a holding service.

@ TheBigFatJ:

Being a nice person isn't really relevant  to my point. He isn't creating some product, this is true, but how are any retail chain doing anything different from him, expect they are bound to rules saying they can't raise a price like he can. He IS however creating a service for people who would otherwise be inconvenienced by standing in line or hoping to find a Wii at his local Wal-Mart. The service is worth something.

I don't think cdude ever claimed he was helping anyone.  However, since he is helping, I said he is helping.  He is not unhelping anyone.  For you see, no one has a right to a Wii.  A Wii is not like clean air or something.  It is a luxury good that people may purchase at the market rate.  That market rate may vary, depending on market conditions.

Please people, read a book on economics.  I have a recommendation in my profile.