No one is going out to buy Bitcoins so they can make purchases they could already make with PayPal.
I am. Have done so many times. Usually buy with existing coins, then replenish what I spent. I don't think the stats from Overstock reflect a tiny few number of people making up their $1 million in Bitcoin sales so far. That would be the result if it were just the early adopters with thousands of coins going on a shopping spree.
-B-