The sad thing..
The sad thing is that Google still hasn't beaten the problem, meaning less CPC for our sites as advertisers realize they are paying a heavy premium for advertising on "content" sites.
What's more, he wasn't arrested for making the program (Lest we all get the wrong idea...), it was the extortion/blackmail that got him in trouble.
Of course, there are enough charges to go around, most won't end up sticking (Aside from K.M., computer charges are hard to make stick, but when they finally can, they do throw the book trying to make it into an "example" case: Hello RIAA!)
Basically, on adwords I get over a 6 time better conversion ratio coming from search clicks instead of content clicks... could not be more unfortunate.
When Google beats this (IF they beat this) they'll let us know, I'm sure, and then I'll give content another go.
-Allan