Yes you are correct in that. But like always who is going to pay for this. SE's in general are reactive and once this method hits the mainstream "if it has not already" they will do what they have always done and that's counter it. This I would guess would either devalue the links or penalize one if one has too many links from one source. When does it stop? Even lawyers have morals "although they may be few" as they will not defend some clients. But it seems as more and more web masters do not have any and will do just about anything to try and get their site to the top. Most of the time these sites are not worth a damn to begin with, sadly enough. But the real sad thing is there isn't anything we can do about it. We can preach all day long about black hat SEO, buying and selling links, PR manipulation, etc. and it seems to do no good.

Sorry, but yes this kind of has my feathers ruffled.

I have been asked why am I blaming the webmasters for doing it, when I should be blaming Google for bringing it to the table to begin with, by requiring IBL's and the weight they have. I actually had to stop and think about this for a quick second and the only way I can reply is by stating your boss requires you to be at work on time, but are you going to blame him when the cop gives you the speeding ticket? Or are you going to blame the cop? The truth is, it is your own fault.