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Please let me know your experience on this matter.
The TextLink Ads I am talking about are the ones with double underscores. They are found even on many large websites. On an obnoxiousness scale, they are somewhere between popup ads and regular text ads.
If your ads aren't like above, people still might not click if they all go to same website.
The in content links are probably the best types of links currently. They look completely natural and it would be/is hard has hell to tell a natural one from a paid one if done right.
After all, most "natural" linking is done just like that..from within a paragraph of text.
Sidebar, footer, etc. type links are super easy to spot these days.