If you want to do it BH, then yeah, you're pretty close. I don't provide legal advice (just had to get that out of the way).

CF is more than something which converts RSS feeds to your blogs It goes way beyond that:

You can take affiliate data feeds (with no additional software) and have them converted into posts. You can make the posts vary in format; randomly. You can have articles written from article directories or ppl you hire and have them rewritten via tokens. Or, you could break them up, keep the tokens to rewrite and piece together snippets in about any pattern you want.

Now, you can include YouTube videos. And not like TBS (which I had a hard time even finding the YouTube videos): CF allows you to include the videos, the related videos, the video comments, and video responses -- video, keywords, text, categories, author, ... all tokenized so that you can vary the layouts and do damn near anything you want.

CF is a power tool for automated posting. As with any power tool, it can be used for BH and WH uses. The only requirement is that you know the end goal of what you're trying to do. If you have a goal to attain in CF's realm, CF will take you there.

Let me know if you have any other questions.