Considering a high comission % and the advantage of the weak dollar it's big fun for the moment.
A couple of days ago these campaigns were suspended due to unidentified affiliate status. I just added the word "affiliate" somewhere in the adtext of each campaign and all of them went online again in realtime.
Somehow a bitter aftertaste remains: I think in this case it is problematic to mark adwords with the expression "affiliate" since the traffic is directly transfered to the merchant's site and there is absolutely no relationship between the affiliate and the customer (not even a second klick). Concretely I am seeing the following problems:
Sending PPC-Traffic directly to merchant's sites should be a smart way of affiliate marketing especially considering plan B strategies in case of a second stage florida (with a macro version of the current thesaurus).
Recapitulating these problems I am no longer so enthusiastic about it and I must say that I do not understand neither appreciate this adword policy.
edited for spelling
However, Google do not see it like that, and in a recent thread on this matter arguments to support Google's position were posted. The policy, whilst "dubious", infact favours both the merchant (who ordinarily would not be allowed multiple AdWords on a single page to target their website), and you, the affiliate; who, as a result of this policy are allowed to run AdWords linking directly to the merchant's website.
Google, always keeping the searcher's interests in mind do not want 8 AdWords all linking to the same site; however they smelt the money and let you get away with it by declaring affiliate status...