There's always an inherent risk when bidding on an item by a Chinese seller, I guess. Aside from the barrage of negative feedback he received in the last day from people in the same boat as me, he only had one neutral comment which he replied to and everything so it seemed to be a legitimate account. I was really surprised it happened.
Fortunately by the time I noticed the other night, the refund was already being processed so I got my money back within the day. Looking back on it, it seems like his business or whatever went under and he reimbursed the handful of people he couldn't honor before nuking the account.
Fortunately I was able to get an open box one from another member here for a decent price so by Friday I'll have him set up next to Thor and the Mk43 armor.