They do work, buy you need to make it look like an authority site. I have a MNS for 2 years, never been banned/slapped or anything else. Started with 2-3 keywords, extended to about 10, now I'm close to 20 keywords. You have to update it at least once per week and build some links. If you have good keywords, then you don't need a lot of links so you don't need to spam it a lot. I did pdf sharing on tier1 + blog comments/wikis/edu on tier 2 and it worked great. Now I'm focused on social media, like getting links from pinterest/tumblr/google+. Still doing ok. Adsense + Amazon aff as monetization.