The solution: Click "Opt Out" on the right of the My Ebay page.
Other people have reported the same problem with the Ebay Beta layout. See: http://wiki.answers.com/Q/Why_do_ebay_pages_cause_high_CPU_load_in_the_Opera_web_browser
"I had the same problem with IE7 and found it to be caused by the Beta trial of the new format EBay web pages. When I selected to 'Opt Out' of the Beta trial all returned to working normally again. "

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