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In fact Google has got a Sales Meeting with all the Reps in Amsterdam next week to discuss just this. I hope they do not smoke too much GRASS and get too much out of this world!
The danger of joining Premium with Adwords is that the big guys with big budgets will be able to access to all the popular keywords more easily.
The minimum bid won't be 5 cent anymore but will at least be raised to 10 cent / click and it will somehow be separated from the normal Adwords Select program.
Thank you for your feedback. I too, can appreciate moving to a better business model. A CPC model will be better for all advertisers. My main concern is that they tripled the price of my last renewal and was told that all renewals are subject to this price increase. Has anyone experienced the same?