Replying to SwipeAuctions.com

has anybody ever heard of this site, apparently you can bid on things like xboxs and tv's and stuff like that for madd cheap, like so cheap it really sounds to good to be true, i was wondering if anyone on here has used the site before i sign up cause its like $200 or something to sign up and i dont wanna do it if its just a scam, but if its real theres some money to be made of this buying a new xbox for 60 bucks. check it out and tell me what you think