I don't intrinsically see anything wrong with flipping - supply and demand is supply and demand -
Also, people can feel free to ask any price int he world for something they own - can't blame someone for turning a profit on something they legitimately bought and if the price is too high, no one will buy it
Conversely, I hate to pay more than the going rate for anything - and am a bargain hunter at heart. However, if you want new higher end stuff when it first comes out, you gotta pay for it. Simple as that