I have a jobs site and added their ads to a few pages. The implementation is easy and almost exactly like AdSense. The targeting is excellent. If I show a job for widget cleaners in Chicago on a page I can have Indeed show ads for more widget cleaner positions in Chicago.
I'm sending them a few impressions to see what happens.
Information on their affiliate/PPC program on their site is limited. I'm not even sure if all the ads that show are "sponsored listings" which earn a CPC.
I haven't been able to find their program being discussed on any forums I have visited - I guess that could be a bad sign or it could be that they are just new.
Anyway, even with limited information, I'm willing to send a few impressions their way to test.
I'm hoping to find others who are using Indeed to discuss. If their system works, it sure looks like it would be lucrative with such good targeting.