I hope they've got rid of it. I watched Lucy present an hour of 30 second games yesterday, and the price consistently didn't crash until 13 seconds to go. On a couple of occasions the details on screen didn't specify what metal the ring was made of, and by the time I checked online the game was long finished. I'm not going to bid on something when I don't know whether it's made of silver or white gold - I buy both, but I want to know what I'm buying. There was also hardly any time to give the size, carat weight etc. The only occasion I can imagine trying for something on a timed game is where I recognise something I've liked before, and know that if it doesn't go as low as I thought it would then I can ditch the order.
Edit: I've just been on the dark side and although their games are only 2 minutes, the price drops before the timer starts.