I wrote to Google explicitly asking them to confirm their position:
I don't want to either (a) loose AdSense revenue when advertisers give up on the "Content" network, or (b) have the effectiveness of my small AdWords spend diluted needlessly, so please would someone with authority to do something for (a) and (b) and, (c) a strong reputational risk to Google's brand, look at, for example:
Please also confirm that as per my post in that thread, you *do* care and are *not* sitting on your hands while taking the dirty money, just for my faith in the US commerical understanding of the word "ethics" or indeed "do no harm"...
and they wrote back and confirmed at some length that they do care and continue to work on it. This won't keep the conspiracy theorists happy I know, but I can't see why they'd bother to deliberately lie to me.