I am testing my theory buy putting up a site with no tracking or ads and letting it run for a few months before putting anything on it.
Then I will put in a few affiliate offers once it gets good ranking, then once it gets to 1st page sprinkle some Adsense on it from a new account my wife created.
I have talked to people who have been doing this, but they put the affiliate ads on it from the beginning then after it hits the first page put adsense on it.
Also create a new account to setup domains with my wifes account, to cover that base as well.
Either you get smart and do some shucking and jiving or go by the wayside. I see people still doing very well and they were/are very smart about things thinking in advance of this type of Panda crap, footprints etc..
Don't make yourself an easy target is the moto of 2011.
Read this post I made in this thread, it pretty backs up what PJ is saying [webmasterworld.com...]