No it does not "protect" ads anymore. It's useless for the new version of MSIE. Look at the adlogger website comments by the author himself. Therefore it cannot protect you against "click attacks" in the new MSIE.
there are lots of script for this, for ex: it does not show adsenses to an individual visitor if (s)he clicked 1 time.
I am trying to find someway to prevent the same user/ip from clicking on my ads multiple times but can't find anything (with adlogger no longer working). Anyone got any links to the above mentioned scripts? Many thanks, JB