Is Google Adsense Really Dead?

According to the supposed leading "Link Arbitragers", Scott Boulch and his crontraversal (viral marketing campaign) paper entitled "The Death of Adsense", and many other Adsensers that have seen their profits drop off and have decided to give it a shot moving up the theorized internet marketing food chain to the (required larger capital investment, higher risk) CPA networks - Google Adsense is DEAD! But is it really?

Below is just a sample snap shot of my most current case study using my own sites and blogs. You decide for yourself. This is definately open for discussion.

Google is paying more to its AdSense partners. Traffic acquisition costs were $916 million in the fourth quarter, up from $825 million in the third quarter.