Oh I definitely agree. I never actually paid per click, I just gave better payouts on existing stuff people were using (technically a higher earnings per click). Kind of like XPays, except with actual benefit to the webmaster. Brokering sales I guess would be a better word for it.
I still think that the non-adult internet is a goldmine for per-click programs. I wouldn't middleman that kind of traffic though; would need my own programs or I wouldn't touch it. There are a few non-adult areas that interest me at the moment, might be able to justify 6-9 cents per unique on them.
C.