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http://datamining.typepad.com/data_mining/2007/01/do_bloggers_rea.html

Data Mining: Text Mining, Visualization and Social Media: Do Bloggers Really Make Money From Google AdSense?

Update: Chris Anderson discusses Guy Kawasaki's reported low earnings. Update: ProBlogger continues the discussion. Of the 16, 390 blogs crawled in an earlier experiment to measure the correlation between inlinks and feed stats, 3, 687 contained Google ads (as measured by the inclusion of google_ad_client, an element of the javascript used to include the adverts.