Well someone just got a steal in my opinion.  20 ppg guard for $1.5 million.  I would have "bought" him myself but the internetz imploded.  At least now I can safely say I won't be bankrupt in 2 weeks.
The guy who bought him has re-listed him as well.
I think the new salary update has really skewwed things.
I think a lot of people are over-reacting, but we shall see in due time.
I'm not seeing a lot of people getting bid up besides rookies.  I don't get why it would be a better idea to pay $2m for a rookie than $2m for a proven vet unless you are rebuilding.
Wow, we agree on something.  Somebody write this date down.   In addition, I think an awful lot of teams over-spend on 18yo talent that never gets trained to its full potential.  
If you look you see a lot of people fishing for high bids but I think the updated salary calculation has made people wary of buying high priced players.  The old mindset of this player is worth $X, I'm not paying $Y for him is no longer the prevailing wisdom. 
I don't understand the last sentence.  Did you use a negative where you meant to use a positive?