Meike - 8:04 am on Aug 23, 2005 (gmt 0)

My emphasis) To me, this isn't talking about bringing attention to the ads necessarily. It's saying that they don't want you promote your site using such sleazy techniques as email spam or forum/guestbook spamming. Does this apply to newsletters sent to subscribed members?

If they are subscribers, such newsletters would not be "unsolicited" or "unwanted" presumably, so they would still be allowed.