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Basically I agree with everything you said. If there's not a clear, unambiguous reference to the paysite included in the a tag, or in the the unlinked text immediately preceding it, I would consider it blind. However, I don't enforce it quite as strictly at we-r-sex...yet (beggars can't be choosers).
If I feel that any link is a conscious attempt at deceiving the surfer, I decline. If I myself am confused, I also decline.
I accept "More free porn here" type of links if they go to a clean hub with no funny stuff on the same domain.
Another thing that annoys me is large blocks of text where everything is linked, especially if there is no mouseover effect on parts of the text. I've been guilty of doing this myself in the past, but you learn as you go along.
When making freesites myself I follow my own advice. Any standalone text links always include a clear reference to paysite.com, either in the a tag itself, or in the text immediately preceeding it, and my ctr is consistently in the 12-13% range.
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