the easy one is create a blogger blog with some free nice articles from article site then apply an adsense account good luck
I don't know about the content requirement. When I first applied, I basically just had one page up with very little content. Basic design with no links. I only submitted that one page because I didn't know any better. I applied before I came to DP.
what happen if they ever suspend your account? anyone have rejection email saying that the site has not enough views?
I'm pretty sure Google doesn't take traffic into account when you applied. I had absolutely no traffic (except for me looking at the page) when I applied. Still got approved.