0biwan
There was abuse and Buyers were getting turned off of eBay as they would spend a week hoping to purchase something for a great price (In the Spirit of an auction) and the Seller would kill the auction seconds before it ended as the auction didnt reach the "Reserve" he set for himself in his head.
I fully inderstand, agree and support their new policy as I set my reserves and pay for them (and pay dearly). The fact that I set reserves is known to the Buyers or Bidders so they know that my auctions will continue and either end with a purchase as the reserve has been reached or will end with no purchase as the reserve has not ben reached.
What you were doing, in essence is fee avoidance as you had been setting a reserve without paying for one, watching your auction and if it didnt hit that reserve, you would pull the auction just before someone ended up with your item for less than what you wanted.
Sorry to sound so harsh but that is the reality of what you had been doing so I cant share your pain at all.
Be happy that you probably saved yourself several hundred dollars in eBay fees each year by NOT having to pay for a reserve listing so in the end you are probably well ahead of the game anyway even with your item selling at a cost to you of $160.
Malcolm