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Not worth the effort. Most programs don't care where the traffic comes from, as long as the card is good and there are no chargebacks.
You would likely get further using proxies, bad credit cards, and signing up tons of people until these morons get their accounts cancelled (but I wouldn't recommend it).
IMHO, I think the affiliate programs need to start taking action, because many of them have things in their terms and conditions that could leave themselves open for class action for failure to protect the rights they grant affiliates, and "disloyal competition". In particular, sites that buy traffic from toolbar companies targetting their own domains means that they are entering into competition against their own affiliates by profiting from the affiliate's traffic without payment, which is a real issue.
The programs need to understand that they cannot operate fast and loose without someday paying the ultimate price.
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