iTrader works for me. Skipped pursuing 2 deals after looking at iTrader comments. It works if it is used.
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I look at it this way, I've learned over the past year or so that you can post something a million times but it doesn't mean anyone will actually look at it. If people won't look at someone's itrader rating before a deal, I'm sure they wouldn't check any kind of blacklist sticky.
The problem I have with leaving negative feedback on someone you had a deal confirmed with and then they backed out, what would prevent them from turning around and leaving negative feedback on you? It would turn into a mess of "he said/he said" in trying to prove who actually did the wrong thing- I don't usually list a "PM sent" in a thread when I make an offer to someone, so how could I prove to the Mods that I had even secured a deal with someone on here only to have them back out for something better?
I have been on a few other forums who have done this but I had a guy who tried to get me on a trade. Between me doing my research and Okuma Steve banning him whil we were working on the details I figured out he was a crook. I think it would be very beneficial to put up a sticky that only steve could post in that had the Username, Realname, and phone number of anyone who has took money and ran with it or tried to screw someone. I have proof that this cat was up to no good and I am sure it has happened to others. I just think this would be great so that if you feel a little fishy about a deal it might could save your ass or if you get screwed you could make sure no one else does.