Yeah, I was not a fan of blind bidding and I doubt it would really stop undercutters anway. They can still put it for 1g and I can just start really low and hope i get lucky. It's what I did in XI too.

Personally I like the guildwars 2 system the best. Its a standard AH interface but you can put in buy/sell orders. You can see the current buy/sell orders and decide what you want to pay/sell at.