Thanks everyone and OP for this discussion, much appreciated. I was also looking to build some adsense sites and was just looking for experienced answers. CPA is not always reliable, maybe I should change some strategies by not keeping all eggs in one basket.
@tgoogle - I've never spammed an Adsense site so heavily as the churn and burn methods, so i can't say for sure that it will be ok. I just use "normal" linking practices for my Adsense sites.
I wouldn't worry about your adsense acct unless you are breaking their TOS. I've had sites de-indexed, panda-ed and penguined and my adsense has always been OK.
In fact one adsense site I have is penalised in Google from Penguin 1, but it still makes £300-£400 every month of off Bing / Yahoo traffic.
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People say they were banned by Adsense for spam links, but i think they were probably banned for some other TOS violation.
In fact one adsense site I have is penalised in Google from Penguin 1, but it still makes £300-£400 every month of off Bing / Yahoo traffic.