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I've seen sellers on eBay's forums complaining that the GSP replaced their careful packaging of fragile items with insufficient padding, resulting in damage, so it is definitely a risk.
I have to wonder how much of the 'up front' customs and duty charges actually go to the country that they are collected for. I've noticed that they are being charged on auctions that they shouldn't be (for example, import and duty fees being charged on items going to Canada that should be duty exempt).