emodo - 6:16 pm on Oct 15, 2011 (gmt 0)
My own story:
My content site, seven years old, just lost 90% of its traffic between Oct 14 and Oct 15.
I put Adsense on the site right before I started at a PhD program. Over the last five years I have put maybe ten hours of work into the site per year (yes, you read that correctly). During that time, it has paid my rent and all my monthly expenses. I can't really complain, for years I knew this day would come eventually. I just hoped it would come in a few months (I graduate in January-February).
Anyway, good luck all.