I've not seen or heard of it before.
Yeah, there's a heck of a lot of info on the pages -- all scraped from other sites.
The size of the excerpts Lycos is using is quite disturbing, up to 200 or so words in some cases. That's a heck of a lot considering there's no commentary or critique. As it's simply being presented as content I doubt if it would pass a fair use sniff test.
I don't see it as anything more than a glorified made for Adsense site with the Lycos imprimatur on it.