I'm currently running a new link exchange experiment, based off the viralink thing that went around a while ago. Thought I'd post it here in case there was any interest.
First time I read about it. Quite interesting, I'm sure that this main idea could be developed further with some additions that would give a boost to the viral effect. Congrats!
No not automated, but it is easy. You go here: http://www.swollenpickles.com/2007/07/10/the-eclectolink-experiment/ Copy the section indicated in the post. Then post that on your own blog, adding your blogs link to one of the words. Send me a ping back once you've posted and if you're in the first 20 (there are now 13 spots remaining) to do that I'll add your link to the original matrix.