I registered and tried to do paypal->LR trade, but they wanted id proof for paypal transactions. Also, for paypal, funds are released 24 hours later (24 hours are in addition of the bid time).
Hence, I decided against using them, since both the above points are strict no-no for me.
Withdrawal of mtgox codes is essential as well, since mostly people would like to hedge / do arbitrage. I have account over there, if the mtgox code withdrawal option is there (and some volume ), I will definitely start trading there.