Very good post,and I feel even 2 years later a lot of that stuff still applies.
"I see people saying Autoblogs will get you banned or this and that, well these IGNORANT PEOPLE have no idea and have never tried Autoblogs." <- this unfortunately is just not the case,I will tell you my story.
Just started autobloging 2 months ago.Had some sites up,incoming google organic traffic (some 1 k first month,3 k second,growing good).
I used free version of rss poster to get feeds,and google news as a source.
Yesterday I woke up to find all my accounts suspended from my hosting company.It seems my feeds got 2 copyright protected articles.The author filed a complaint to the DMCA,and next thing,my hosting company banned all my accounts

I'm thinking this could be possible only if somebody else copied the full article then by syndication,ended up on my website.I know it's bad luck,but still,this kind of stuff is real,and I wonder how can a newbie protect his auto blog from this kind of problem.
I't annoying,because I had just started into this whole internet marketing thing,but I won't be discouraged by this.
There are money to be made,and autobloging is clearly a good way to accomplish this for beginners.