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Eric BBarry, that's impressive. But it may be due to you selling items not prone to bad buyers or using tools like signature confirmation. And as for Jim's point, the completed transations are only visible for about 2 weeks. But you can still see them for 90 days on the feedback portion of your ID.
Personally, I never had a problem with feedback. I'm at 100% and have in the past sent it first as a seller. But I stopped after a powerseller neighbor showed how he received them for no reason. One guy said the shoes he bought did not match the pants he had. And there were others just as ridiculous.
And Steve, you are correct that a buyer should be able to give bad feedback for bad sellers. But until there is a mechanism to get retaliatiory feedback removed, there is no solution.
And, by the way, this new policy is not going to help the buyers very much. Without the ability to give bad feedback to the buyers, why would any seller be proactive (accept returns, etc) when they know they buyer will still leave bad feedback.