Well dear fellow sellers, yes its is an absurd system and had intimated this problem some time back but they said since the MMS scandal they were forced to rectify each new listing before featuring on the site and since the volume is large it takes time.
Frankly i think even though the reply does seem legitimate its actually baazee's strong arm tactics.
I suppose the "Bulk Upload" doesnt take as long as 48 hrs to feature, thus i presume this is a statergic move by baazee to forcefeed such taools as "Bulk upload at 199" down the throats of even the most unwilling sellers, thereby ensuring revenues.