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Originally Posted by OzMan
Curious where you read that? I had heard that they were thinking of allowing advertising on the upgraded accounts for "trusted" bloggers bla bla.
At the moment I use them strictly for feeder blogs with very discrete links, although I did dabble with AdSense on them for a while when you could put it in the title field but I chickened out when I heard them canceling for that. 
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not sure about the one link thing, but there is this
http://wordpress.com/tos/
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the Content is not spam, and does not contain unethical or unwanted commercial content designed to drive traffic to third party sites or boost the search engine rankings of third party sites, or to further unlawful acts (such as phishing) or mislead recipients as to the source of the material (such as spoofing);
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