Keep in mind the warranty as well; many companies do not have transferable warranties across the border. I think there are places that sell extra warranties for eBay sales as well to cover that part of it.
I agree with ken0042, make sure you fund Paypal with your credit card, then you have two levels of protection (well one, as was pointed out Paypal has tons of outs).
I've had that happen where paypal wouldn't do anything, and I reversed the charge with Mastercard, and I got my money back fine.
Regarding the AWOL iPhone seller, I agree, give him another week. In our office guys like to buy phones online a lot and we've had that a few times where a seller with 2000+ positive feedback just doesn't return emails for a bit, but they've always come through in the end. Sometimes I think these guys sell what they don't have on hand and then when it sells they scramble to find it. Which sucks, but if you funded Paypal with your credit card you should still be covered.
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Uncertainty is an uncomfortable position.
But certainty is an absurd one.
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