incrediBILL - 1:23 am on Oct 10, 2012 (gmt 0)
That's possible 6 years ago. Not anymore.
You can't lump everything in such broad sweeping generalities with such authoritative assuredness especially after someone else has said it's possible.
I have a few sites doing about that income for that traffic and some make even more for even less traffic.
Depends on the niche, traffic source and rate AdWords is currently charging.
Heck, it's a little on the low side IMO but I didn't want to get his hopes up because not all niches are the same and it could be next to nothing like you said.