Here we go again...
Stuff like this has been popping up a lot lately. A number of CAGs got taken by a guy selling cheap electronics, including 360 controllers for $15. And guess what? The person had good feedback. He even had a lot of very recent feedback for selling a bunch of other cheap stuff. Needless to say, the $15 360 controllers were never shipped. There was also another guy selling $60 games for less than $20, but I don't remember what the feedback situation there was. Point is, it's been going around. Likely, it is hijacked accounts.
This game still retails for $60. Does anyone honestly think the seller legitimately got a hold of 60 copies of the game at such an insanely cheap price that they can sell it at $18 shipped and make a profit, after PP and eBay fees? Sure. If you believe that, please, let's do business. I mean, come on. This is an account with a 214 feedback rating since 2003. And now, they are selling games by the dozen? And just that one game? Kind of doubt that.
As far as PayPal protection goes, don't always assume that's going to come through. There have been plenty of stories of people getting screwed out of money, despite the fact that the seller was obviously a scam artist. The biggest issue use to be people clearing out their PP and bank accounts, so that PayPal could not recover the funds. That, of course, was greatly alleviated when eBay and PP started putting holds on certain high risk transactions. I know that people did get their money back from the 360 controller fiasco.