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It's great in the short term, but eventually the AdSense bubble will burst or Google will ask publishers not to buy traffic in this way, and then Kanoodle will end up worse off then they were before.
If google doesn't say the same they sure should. If people start buying crap traffic to send through to G/Y! paid results - I, as an advertiser, would flip!
I already opt out of the contextual options at google and overture because of the lower quality of traffic and flat out abuse of Adsense and the OVTR context ads.
People buying traffic from Findwhat, kanoodle, ePilot, Mamma, Quepasa, etc to generate G clicks would be the nail in the coffin for Adsense.
The big boys need to do everything they can to protect the advertisers from crappy clicks. Exposure to crappy traffic will drive more and more advertisers to opt out/bid lower. Ultimately ruining adsense for the publishers as well.
People buying traffic from Findwhat, kanoodle, ePilot, Mamma, Quepasa, etc to generate G clicks would be the nail in the coffin for Adsense.
It is hard to believe it is/would be profitable at all.
E.g. buying a click for $0.05 and selling it at $0.20 you would have to have pretty high CTR of 25% just to break even.