One of my competitor has violating google guidelines using hidden text...pathetic ...i sent to Google 10 spam request in one month time requiring to remove that site. After one month Google removed that site but just for 1 day !!! After one 1 day that site came back in Google index without hidden text...This site is not a big brand..but they were running adwords campaigns in a competitive market. I found this Google beaviour absolutely unfair, i mean you should punish for a longer period if you stole traffic to other sites using hidden text... Btw what I can suggest Gingimaster is that you clean carefully the page that gave you the problem.
Have you considered other advertising networks to compensate the traffic loss? It might pay to shop around at parked web agencies or similar companies to google's adwords as the bidding climate on these networks is generally lower. ROOFIS
as we are dealing with a niche market (tourism) inside another limited market (israeli market), my options are a bit limited. Advertising possibilities on relevant sites are very limited. The other advertising plans have yet to prove themselves.
I agree with the fellows above - you should wait. If you can't - use other domain and redirect it to the old one.
You should correct the violation and resubmit to google. Try some other search engines as well. Bing doing good these days.
Bing? But It's Not Google other search engines, even local ones, count for less then 25% of our traffic