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We've been the bad networks from the beginning. We exist for purely commercial purposes, despite the pretense of giving away free content. Everything we do violates google guidelines, from their perspective.
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I've heard this a lot and I'm just not convinced that this is the case. I just don't think that Google penalizes a website because it's mainly commercial in nature. Even though they're sitting up their on their mountain, hugging trees and knocking back Starbucks by the gallon, they're in this to make a buck (or a couple billion) just like the rest of us.
Think about this. Joe surfer goes online and searches for "ink cartridges". What is he looking for. "The history of the ink cartridge" or "how to properly dispose of the ink cartridge". No. He wants to buy some ink cartridges. If all he gets is informational sites, he's packing has cyber bags and heading for Yahooville.
I do a lot of searches for recipes. If you think the adult spaces are ad driven, try searching for "chicken and dumplings" (mmmm, chicken and dumplings). Usually what you'll see is a three column table, with the recipe in the middle surrounded by ads for all kinds of culinary junk.
We may have a rep as a bad neighborhood but that's probably because you see a lot more blackhat in adult. Or maybe it's because of guys like Jerry Falwell, although he's now irrelevant as his maker has called him home where he'll spend eternity in a latex bustier and thigh-high boots watching Hit Me Baby One More Time over and over, just like he always secretly wanted.