It looks like eBay is now displaying a "Confirmation" page after your initial bid is entered on eBay. You'll notice this if you place your bid manually on eBay, there is a new page that asks the user to "Confirm Bid".
We are working right now to update our bidding software to handle this page so that we will automatically confirm your bid. We expect to have this up and running within the hour. I'll post back when we know we're running smooth again or if there are any additional delays.
As Sara mentioned, we recommend that if you have any snipes in the system scheduled to go off Tuesday, 1/25/2005 that you manually place them.
-Kevin