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Over the past few months I have been speaking with countless professionals in the social media space about the state of advertising within the industry. Over the past year I have attended countless conferences and spoken to countless individuals all of whom appear to have a firm grasp on what
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10 months ago
I also think advertisers fail to consider one important aspect of online advertising--intent. They get context, and both contextual ad networks and social media can deliver that. But meeting consumers at the corner of context and intent (when they are explicitly looking to find and act) seems to only occur consistently in search marketing. I think that's why your conclusion is right on.
Chris Brogan just decided to table his consideration of adding an ad banner to his blog in view of this reality. I think that's noble. He could get a few bucks, but he knows the value to the advertiser is so low (and that there is a small inconvenience to the reader) that it's not worth it (http://www.chrisbrogan.com/the-old-advertising-...).