I have a domain that is banned by Google (because I run an autoblog on it) and I have a plan for it and would like to advertise it via AdWords. However, will they accept a Google banned domain? I think why not? If Google bans a domain, the penalty is that it is absolutely not indexed on Google. But what about AdWords?
They will accept it. They do not want you to make money off of other people's RSS feeds, but they have no problem making it themselves.