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I started with the rss feed here and was picked up by a couple of noted feeds. It's not burning up the referral counter, but it is certainly making an difference.
I agree....articles are a great way to drive some targeted and quality traffic to your site.
We have deals with a few sites, a few columns, where a colleague and I write weekly articles.
Originally the idea with content syndication was to get money for your quality content, thus being a remedy for the core problem all content providers share - not getting paid for their work.
So from what you are saying I gather you gave up on that and just use it for getting traffic?