I asked this question about a month ago and researched it pretty thoroughly and came up with a big no. My biggest part of "quality" was relevancy and that wasn't there anywhere. Banner exchanges are crap because the majority of sites are the get rich quick, etc which I don't want. I also don't want to be on their sites as there are no conversions if you aren't part of that group.
Thanks yfs I'd done my due diligence as well and hadn't come up with anything satisfactory. Did you check into any of the paid solutions? I guess that will be my next step....
looks promising, but the site isn't done yet. one of the main things I want to see is a list of where my banners show and I didn't see any info about who their members are. also, they swiped their flash animation from fastclick.....
Geez... thanks for bumping up the thread... Anyway, might want to take a look at mylinkbox.com, you show 88x31 buttons and can get quite nice traffic from it.
I never had any good results with banner exchanges. I think ukbanners was the only alright-ish one but still, CTR was very low. I have also tried different banners with no luck.