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Been doing adsense since October 04. Just checked the oldest account and the average for September this year was $1.29 and August was $1.16.
Then I checked February and it was $1.07
I have recently started going back to affiliate programs due to the reductions in adsense revenue.
Looking forward to google's CPA adsense.
In theory it could be the best of both worlds. Bringing all the advantages of adsense to affiliate programmes.
ie they should serve the best converting and lucrative programs without the publisher having to upload anything or do any maintenance.
The merchants can rest assured knowing they only pay for leads so will spend more (i hope!).