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With overall online virtual item sales now larger than some country's economies online trading is more than likely here to stay with trading sites working as intermediaries and brokers for the die-hard trader trying to earn a buck. Oh, and as far as running sweatshops in Asia with 100's of workers all collecting items is concerned, it's apparently happening right now, although we're not so sure there's too much truth in this. The bottom line is, online trading for cash is still a sketchy issue legally so for now selling virtual items for real cash will continue pretty much unchallenged.
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Loadedinc.com's EIGF coverage on virtual items for cash
Not a bad read, my personal view on selling online things for cash is "if you can do it great, but don't expect to get any money from me" ;)