I think you should bring a lot of good traffic instead of all kinds of traffic to your sites or blogs... Match the keywords!
I dont think its dead, maybe your traffic is bad traffic? Try something else, like CJ or check out my sig link for other alternatives. I know its hard to get webmasters to click on ads, so you should go with something like cj that has coupons! Good Luck
if Adsense is dead, it's a living zombie for me. I think you need to read and research a lot to get your site earning atleast $10-$15 a day. Rinse and do it all over again in like 10 sites and you could be earning $100 a day. but it's all easier said and done, I too have a hard time doing it myself, but as they say work = money = pay off
The good adsense days were the $250 dollar bonus when you refer a new Adsense Publisher who reaches $100. Just rotate them in your own adspaces and you would be earning lots of bonuses for every friend you know. Unfortunately they took the adsense referral program down