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I run the ads on spankingblog.com and a few others. Sponsors in my niches seem to like the traffic and renew faithfully. Out-of-niche sponsors rarely buy twice (except for dating sites, which renew sometimes.)
Adbrite (used to be MarketBanker, now is branded AVNads) has had real crappy customer service in the past, although they are improving. Used to be the only way to contact them was a web form that they ignored. Now they have a phone number and I've been in touch with a real customer service person.
Generally speaking, I'd say that on my blogs, an advertiser who contacted me directly could get a better deal. Perhaps not cheaper, but their links would be better integrated into my site and would pass page rank as well as traffic.
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