Ned:
Yes, I've used the Security Key for about 6 months. At first PayPal said that it was available on BETA so I applied. Then they said no BETA and wait 2 weeks. The two weeks passed and the Key arrived in the mail. Once you get it (it looks exactly like the picture on PayPal) all you have to do is go to the setup page and type in the ID number on the back and it is activated. The key generates a new 6 digit number about every 60 seconds. So when you log into PayPal you do it normally then the next screen asks for your security key. Push the little button on the key and there is the 6 digit number. Type the number in and you are taken to your regular PayPal page. The system is the same with eBay. Once you sign up for PayPal you are automatically signed up with eBay. You get a similar second screen on eBay where it asks for your key.

I find it unobtrusive and I just keep it by my desk. This makes your account a lot more secure. Even a Phishing scam that somehow gets your user name and password will not be able to get into the account as they don't have the key generator. Cool huh?

It is run by Verisign so any other site that uses this same program from Verisign will allow you to use your current key all you have to do is register your key number.

This is the same security key I was talking about a day or so ago with Google Base.

To answer your question - I love the security it supplies and it works great with eBay. The only difference is if you choose to enter your key number immediatly after and on the same line as your password you cannot embed or save your password.

Garry