Originally Posted by
endersblade
They are not BoE. That would entail that at some point, they bind to your character. They are, actually, unbound in general. The rest of your post is spot on though.
As for botting...yes, it's going to happen. It's an online game, it's made by a popular company, and it's a popular series. And no, it's NOT because of the RMAH; botters will continue to sell everything from their websites, as they've been doing since Diablo 1. Why A) Limit the number of items you can sell, B) Give money to blizzard when the items sell, and C) Pay a fee to paypal when transferring the money off? Just host a website, post up all the items your selling, and bingo. Cut out alllll of the middlemen. Sure, anyone caught doing this in the States is going to get busted, but not the ones from China, as is usually the case.