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I have known this for a while, but thought I should probably share this with others. I felt kind of guilty. (not really)
watcheditem.com is the site to use.

You can see how many people are watching on item on Ebay. The only catch, there has to be one bid first before you can see the amount of watchers.
example with one bidder already-
http://www.watcheditem.com/search/0/All+Categories/0/desc/watchers/js/1/keywords/270711073961.html
example with no bids (as of right now, this one might be sold with BIN)
http://www.watcheditem.com/search/0/All_Categories/0/desc/watchers/js/1/keywords/200579974598.html

Enjoy the chaos and torment of knowing.

Dan

Cool spoiler alert--thanks for the tip.

Damn! You're avatar is really creeping me out! Is that one of your progeny?

Not my kid.
If i recall correctly, it is a former co-workers, sisters kid as he was eating breakfast. That makes it even more pleasant of a thought.

This is pretty neat, thanks for sharing. Although I have to question its usefulness.