Dont worry this was the amount which was offered to catch Osama Bin Laden and this is the same way Google ( Search Engine Team) is in search of all the text link seller's, buyers , brokers. Check out the whole sequence at - TLA the new Osama Bin Laden according to Google What are you guys still doing? Trading Text Link Ads?
I'm still doing site-wide links on other sites. http://www.google.com/search?hl=en&q=games&btnG=Google+Search Marapets and www.cartoondollemporium.com have both used Text-link-ads to boost their rankings.
You are right, i forgot marapets for sure, because they were one of the biggest text link buyers at TLA and rank in the top with lakhs of backlinks.
yes i think if Report Paid links works The way Americans could not catch Osama Bin Laden they cannot catch these guys too
This move by Google will get more quality sites made. With text links not important anymore, emphasis would be given on content and quality websites.
No because he is not my competitor and basically competitors report others paid links to get them filtered. Also my guess is that on 99% of reporting only 1% is filtered.