[d10]

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If the current BB, say seat 3, gets eliminated, does the button move (from seat 1) to seat 2 with seat 4 being the BB (and no SB) for the next hand?

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Yes

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Does that follow up with the button on seat 4 with 5/6 as SB/BB (thus skipping the SB on 5), or does it follow with a dead button in seat 3 with 4/5 as SB/BB?

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The latter is correct.

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I know Partypoker does the former, but I just now noticed the wsop does the latter (recent PLO where Ferguson gets eliminated). I don't remember which Stars does.

Does anyone know what the standard is usually, or can explain this further?

Thanks.

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Party Poker is wrong. They just started doing it this way recently, and I don't know why, because it's retarded, and it pisses me off because somehow it prevents me from posting to get into a game when the BB leaves and I was set to post next.