The method does work. You just have to find a good method in order to drive traffic. I mean massive traffic - at least 1000 UV's a day. With that much I'm doing anywhere between $20-$40 a day.
And I'm barely lifting a finger

Used to spam youtube, it's pretty effective but lots of work (It's not that it's a lot of work per say, it's just spaced out and you can't do it in one go).
Also, try to find good incentive offers. There are a few gems out there that pay $1 for a 5-6 field submit. If you manage to find those, you'd be golden.
And, please, for the sake of the noobs, don't tell them to fake referrers, send junk traffic and whatnot. What they should do is find good incent off's that they should combine with their own blocking script. If they can't afford the script, they can either use a free one (there was a thread somewhere) or use Adscend Media's. They allow you to choose which offers you want to show up.
I am a publisher in several networks, but will never, I mean NEVER, jeopardize my accounts for a couple more bucks. I make enough with White Hat with them to risk losing it all just because I was greedy.
My advice to all the noobs: Stick with incentive offers for this method. At least you know you'll be paid.