Ok, bear with me,
The seller starts with an item as you said, they have a reserve. I don't think they should post the reserve, bidding should start at a reasonable $ amount the seller sets. Say $50 for a $200 reserve item, or $5 on a $50 one. Make sense?
Then bidding starts, bug says $55 on the $200 reserve one, I say $100, you say $125, bug is back at $175.(at this point the seller goes HMMMM) and posts the reserve is off, well everyone knows it's up for grabs now. The ones who really want it go slowly up over the next. (the end time set by the seller gets closer) so it could go over the $200 reserve. That's the only fair way on how to handle a reserve auction.
I think we should copy ebay with the no pull early rule. The seller took the time to post/photograph/describe the item, let's keep it open to all for the time set by the seller. If I post a Elite item and Elite-ist, Tasuke and laatsch55 all want it bad, Elite-ist PM's me with an enticing offer to end it just for him. It should be poliltely refused by PM, and let them all fight it out. Since we're a tight group here, this should be a clear and agreed upon thing, especially as we get bigger, the newer and less well known members should have a fair shake at everything, it's not a hierarchy at Phoenix. I and some you guys will probably bring in people from other places to bid, so this can get tricky......cont.....