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What Can We Learn from eBay's Guest Checkout ?

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I recently came across eBay's Guest Checkout option and I am quite impressed how quick and it is! It is nice of eBay to give out this option for those who prefer not to register and simply want to "buy now" with out registration. You can still see your orders following the link in confirmation email and you will see your order details along with shipping status and tracking numbers.

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1 of 7
1st Step – Fill in Your Address
2nd Step – Fill In you Card Details on Secure PayPal Site
3rd Step – Finalise the The Sale

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What Can We Learn from eBay's Guest Checkout ?