Woah – this may be the first PayPal horror story I have heard of.  But I have not looked to hard.  Eitherway – this is a great post from four bean soup.

The 24 hours came and went, so I called customer service back. They reviewed the documents on the phone with me and lifted the restrictions on the spot! I was so happy that I could put it all behind me. Then I logged in and saw the Website Payments Pro was still gone.

…

23 hours later I received an email informing me I was too high risk and my previous approval was being denied.

This is an interesting story.  I will have to do some more research to see if I can find others with the same issue.  Anyone?