HughMungus - 10:34 pm on Jun 7, 2005 (gmt 0)

OK, try to think of it this way: If you were to take the ads off a site (whether it's a content site, directory, or search engine), what would be left? Would the site have a reason to exist? Would it have intrinsic value for the user? And if it didn't consist of original content, would it provide what GoogleGuy referred to as the "value add" in a discussion of affiliate sites?

If it had outbound links organized by topic, sure.