The feedback of 1 is something to consider, but starting an auction at $1.00 is a fairly common practice if the seller thinks a lot of people will bid. I just sold my iBook 600MHz on eBay and I started at $1.00, because I knew the demand would bring the price up to something fair.
His feedback is rather suspect, though, with 12 positives from one guy who's no longer registered, and since the transactions are over 90 days old, you can't even see what the items/prices were.
I also feel a bit uncomfortable with these lines:
"All Items AS-IS unless other wise noted"
"no returns or exchanges so bid accordingly"
"item_
may still be covered under_manufactures warranty"
"Picture of actual item may vary"
I mean, what's up with that unless he's trying to hide something about the condition of the items.
I'd say
stay away.