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it will count you as PR 3 backlink - assume traffic will be not there much but its for just Backlink Factor and PR.
It sounds like a good idea if there were not at least 300 available links on the page. If you fill even 50 of these the outgoing links will essentially make the PR3 have no juice left and it will not pass much at all. If you lowered it to 15-20 links then you would probably have a lot more people interested. I know it is not as much money but at least it would be something people would be more interested in. Also Google penalizes for that many links on a page and calls it a "link farm" where there is no real contest or purpose but to pass on PR.