You know, I used to use Snipeville, but they disappeared. I am using a Java program now called JBidWatcher. But eBay does something occasionally to break that.
I think from a buyer's perspective, sniping is great, because you never get caught up in the moment, you enter your max bid and then forget about it.
From a seller's perspective, it can hurt a bit, but not much. People will only be willing to bid to a certain price anyway. The only thing that is different is that you lose some of the back and forth bidding between users that can drive the price up.