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Just to clarify, content network & content bids are checked. I've been using AdWords since 2003 & I've never seen this before.
I still get impressions, but they are down on what they had been... although CTR has increased to over 1% from under 0.5% (this is for the content network only).
Conversions also seem to be down from what they were and overall costs are naturally increased as a result.
[edited by: Ganceann at 2:49 pm (utc) on July 11, 2008]