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Interesting
You know, this whole conversation is interesting period. If you have a older SL account in good standing, it has been my experience that a quick concierge chat session will easily get your buy, sell, and purchase limits upped. I've done it twice actually and never had a problem, and directly know two others that have had their limits upped using this exact same method.
The only possible advantage I can (kind-of) see to selling Linden Dollars on eBay is if you very quickly need to liquidate L$20 or L$30 million and don't care what conversion rate you get for it -- I honestly don't see a lot of people being in such a position though.
For BUYING Lindens on eBay? I don't know... I would not touch that with a ten foot pole. Sure paying by check or money order might be a consideration for a very small minority... but I still don't get the advantage there.
Ever heard of PayPal? SL Exchange?
By no means should LL bans for accounts for this though. That is even more retarded than people buying lindens off of eBay.
They say that Allenvest Financial Bank also converts through their system.... give that one a try! Ha! :P