As far as I know Adwords accepts adult ads, they are just classified as adult and do not appear when someone searches with their settings set to block adult content ... I think the problem for some advertisers might be when they try to be shady and say their ads are not adult when they are. But if you are up front and say your ads are for an adult site you should be fine.
Those $75 coupons are all over the place, I've had a few come my way the past year or so.
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Suzanne

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