The problem most of you will have with Adwords is your feeble affiliate business model. In many markets, you'll be competing against someone like me who has a full business - front and back end. I know what my cost of acquisition is and I guarantee I can spend more than ANY of you to acquire a customer.
Who do you think Google will favor, a complete business offering value front and back? Or, some thin affiliate trying to provide the least value possible for a one time payment, or even worse, some useless CPA offer. This is where most of you blackhatters just don't get it and need to get clued in.
I agree, I can afford to outspend any of you as well.
This is one of the first rules I learned when direct linking to a affiliate site. if the Company is bidding on the ad then never touch it. Remember as an affiliate you only get a % of the sale. The company is still making a profit so remember they can ALWAYS spend more then you to make the sale. There is no was to beat them so don't even try unless you have a few tricks that don't require you to outspend them.