ken_b - 5:01 am on Dec 11, 2011 (gmt 0)
Does anyone have an explanation for that?
In my opinion that's mostly grabbing at straws trying to explain what isn't otherwise well understood or easily explained.
The closest AdSense comes to being affected by Panda or other algo updates is that traffic increases or decreases can in some cases affect CTR or RPM (eCPM).
But that's just my opinion.