Advercash (advercash.net) - Is it a scam?

Advercash (advercash.net)

PAYS PER AD                                   : 0.005 - 0.01$
MINIMUM CASHOUT                       : 12.5$
PAYMENT TIME                              : 30 Days

PAYOUT METHODS                         : Alert Pay, Paypal
UPGRADE MEMBERSHIP PRICE         : 5-60$
REF PACKAGES & PRICES           : 0.5$ per ref
COUNTRIES                                     : All
A CC DELETE AFTER INACTIVITY       : ?

Update: August 19, 2009

Site is being auctioned off on Flippa:

http://flippa.com/auctions/71798/AdverCash-Net-Established-GPTPTC-Site

Advercash is a site that has been in turmoil for a long time. It has a history of scamming it's members. However it has been taken over by a new owner. We are putting this site on our watch list instead of the scam list. Note this status can change at any point in time. Here are the Pros and Cons of Advercash and our reason for putting Advercash on the watch list:

1. Paying - According to the forum they are currently paying. This is the only reason why they are not going on our scam list. You can view the payment proofs here:

http://www.advercash.net/forums/viewforum.php?f=2

2. Forum - They have a forum. All ptc sites should have one so members can get the help that they need and speak to other members. However the chat room link is unavailable and not working properly.
http://www.advercash.net/forums/

1. History - As previously stated this site has had a shady past. Members have been scammed and gone without being paid. The new owner is "Mouse" from Clickz.me. Also he goes by the name of "Alt3rn4tiv3" at bux.to. A former Admin of that site. Who is supposedly hosting their forum and batteling the owner to pay for his services. So the new owner has had some dealings with other online PTCs. The question remains why he would take over a failing site. You can read some of the complaints about Advercash at these links:


http://www.mylot.com/w/discussions/1413946.aspx
http://www.squidoo.com/advercash_ptc_is_a_scam_website_now
http://meet.theclickers.net/index.php?topic=1616.0;wap2

2. Content - Some of the content...how should I put this..distasteful? When I signed up it asked me my age and if I wanted to view adult ads. Of course I said no. Then when I go to the forum I see disgusting threads about porn and adult sites. Either a desperate plea for any and every type of advertising or maybe a clear mistake. Could be a spammer. But when you offer adult ads on your site what do you expect?