I love this system I like it and can work it fine. I also like the fact its not an auction house.
You see the price you like the price you buy it simple. Auction Houses are a pain in the backside and need to be left out of the game. This MMO has the ability to have a really market involved not some rip off from WOW.
If you want AH's in your game go back to WoW.
Have you ever seen WoWs AH? It pretty great. ToR took quite a few things straight from WoW (which is what many successful games do; they borrow things that work from other games) , why not the AH functionality?