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I'm new here too and I have lot of banners/links from toplists and directories on my sites that don't send traffic. I think I check the referrer sites 2-3 times a year and remove the banners/links those of them that look absolut "dead". I don't think it would be incorrect, their robots will recognice it and they remove my banners/links as well.
Of course it works only with sites (toplists, directories) where you can submit your url and you didn't swap banners "personally" with them.
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