Good reply by AWA here:
[webmasterworld.com...]
I said it must be costing a fortune - but he gave me these figures from that day.
[Google] Active £0.55 Settings
£0.55 Max CPC
[edit] 63 32,081 0.19% £0.55 £34.65 1.1 3.23% £17.05
I have no reason to not believe the above. However, I can't understand how a CTR of 0.19% is still being allowed at 55p. Maybe Google haven't sorted their sysyems out.
It also appears that you can get converting traffic from non specific keywords.
I checked yesterday (before the post was edited) and there were NO ads displayed for "Google". Certainly not the one that was mentioned.
Today, there is ONE ad - for a financial publication - that says "get information on any company".
Why should the rules be any different for Google than for any other trademarked term?
In the U.S. Google permits you to bid on trademarked terms.
Have they done something special to prevent bidding on "Google"? (Or set the price sky-high?) Or do they just have everybody shaking in their boots worrying about what might happen if they bid on "Google"? :)