Paypal/ebay is now offering gift cards at a number of merchants:
http://giftcard.ebay.com/ns/wheretobuy.html
Looks like about 25 different, such as Kroger's, Albertson's (several diff. stores), Safeway, Giant, etc.
Does anyone know if any of these merchants will give rebates or discounts or FF miles along with purchase of such gift cards, giving some arbitrage opportunities?