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There will be people that will never trust Google again and will look elsewhere.
I love that they have "ads by google" at the bottom of the page.
What's even funnier is that the ads by Google are for "Trademark Attorneys" and "#1 Domain names." (Or were when I looked.)
That about made me spew my coffee onto the monitor.
I don't like the smell of this domain-parking stuff either, and wish G would police it better and hold their nose(s) less tightly when letting participants sign up.
But with care (eg plenty of negative keywords and explicit exclusion of any site that you notice is sending you totally-non-converting junk) the final CPA (cost per action/conversion) can be just as good as the other G outlets, and the volume much higher.