I haven't had any problems with PayPal using my checking account, but I would never set up an account where they had control over the funds. I think like a lot of companies, they got big, got greedy, etc. I'd say use with caution. Besides, if you can't buy "adult products" with it, what good is it anyway? :-)

"Democracy is a pathetic belief in the collective wisdom of individual ignorance." - H. L. Mencken