With CPM that makes sense. If an advertiser pays for the impression, they should get the whole block.
But with CPC, that doesn't seem to make sense.
Right now, if I want to bid for placement on some site and pay for clicks, my bid has to be high enough to cover the loss of petential revenue for all the other ads that could have been displayed in that block, because mine is the only one that would be shown. Again, with CPM, that makes sense. But with CPC, it just costs way too much to appear of the site/page that I'm targeting.
Is it possible to use placement and share the ad blocks with other advertisers? The same way the content network works when using keywords.
I'm sure that publishers would rather see one high paying ad fill their inventory as long as it's a quality advertiser, too.