Er....right.
You answered your own question. Setting a low bid price makes it easier for more people to get cought in the bidfrenzy. Thus a higher endprice.
If you're so pissed off with the low bidprice then don't be a cheapskate trying to get an object for cheap (which you won't anyway); just use the Buy-It-Now if it's a realistic price.
Seems to me pot, kettle, black :p.
-edit-
D'oh :oops:. I should learn to read better. On the reserveprice thing I kinda agree...