Yeah I was quite shoked when pornotube.com came out 1 year ago or so and seemed to gain industry recognition.
It's funny how the industry changed, when I was a surfer, I was circle-jerked to death trying to see some nude teen pictures on the web for free.
One site actually had some wording that went in the lines of "as you can see you can never get really any porn for free.. All sites tell "click here to enlarge" but they only redirect you to other sites. If you want porn, you have to pay." And... I believed them

So when I found some 8 seconds poor quality sex video, I really enjoyed it. Ok that was in 1999.
Then 3 years later I came into this biz and also discovered already all the free porn with TGP's.... But even the TGP's weren't really supported by anyone. I remember an interview with Lensman from 2002/2003 or so where he said he doesn't really support the concept of offering too much free porn to the surfer... Well, 2 years later,. Lensman came up with Realitycash, a program designed for TGP traffic in particular.... And then also came all the MGP's... and they started to offer even longer free movies as time went by...
And now in 2007 we all wish that free porn was only available on TGP's/MGP's....
Sites like Megarotic offer 10 full time videos for a surfer to watch for free, that's like 2 hours high quality free porn every day, no one needs more. In my case, I have an dynamic IP, after I watch 10 vids there, then disconecting and connecting to the web again is enough to reset my limit. Anyway, people who discover such sites, are lost customers for good. You can only sell webcams or dating to them. Dating should work better probably... and that's why Megarotic promotes dating and poker....
And then we got all the tprrents...
I really wonder how this industry will look in say 3-5 years.
The average conversion ratio, with the exception of Google traffic searching for micro-niches or paysite names, will be probably 1 sale for every 10,000 uniques sent.