Scarecrow - 4:11 am on Jan 21, 2004 (gmt 0)

You are missing the point of AdSense. How would AdSense show a targetted ad in a newsletter if it has never seen its content?

Maybe I am missing the point. I'm assuming that Google will offer an email account to those interested. One option would be for mailing newsletters. You send Google the email list and the newsletter, and Google sends them out from their own sendmail server. They see the newsletter, they see the list of addressees, and they insert their code as it gets sent out.

Why would people do this? Because they want the ads to appear in their newsletter, so that they get some return on the clickthroughs. Why would Google do this? To get their cut on the clickthroughs. The "From" line can easily be inserted by sendmail as specified by the account holder. The mailing might cost you something if it's a big one, and if Google doesn't like your newsletter it will decline altogether.