Eric Schmidt disusses Google’s philosophy.

Here’s an interesting bit:

“Schmidt also quoted Larry Page’s belief that “ads have value in and of themselves.”

I think that’s true, and why so much criticism of supposed “made-for-adsense” sites is way off. In my view, if an ad answers a users question, that is better than content which doesn’t answer the question. The mere fact that content was hand written by a webmaster does not make it more valuable to the user than an advertisment.

Ultimately, that is up to the user to decide.