It won't change the posts that have already been made. You'll need to delete a post and then re-run the script. It only updates the database when it finds something has changed.
You could edit wp-autoblog.php line 161
Code:
$post['post_content'] .= ' and <em>software</em> by <a href="http://elliottback.com">Elliott Back</a>';
} else {
$post['post_content'] .= 'Created using <em>software</em> by <a href="http://elliottback.com">Elliott Back</a>';
and remove the link.
I'm not a php kind of guy so I simply did this:
Code:
$post['post_content'] .= ' ';
} else {
$post['post_content'] .= ' ';