I like to keep a fairly professional and level head when I am discussing various issues on this blog but unfortunately I have just listened to the pre-recording that Shoemoney did with Rand Fiskin about full disclosure when blogging, and quite honestly whilst I empathise with some of the points both made, I think in many ways both are missing at least a few vital points.
Read more on Blogging Full Disclosure Debacle – Grow Some Brass Ones…
If an affiliate created a blog and fed a datafeed to that blog, a large proportion of the blogosphere would regard that blog as a splog, especially if it was on blogspot.

FTC Fake Bait & Disclosure