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It sure won't grab any top positions for good keywords.
But splogs and 99.4% of adult blogs ain't gonna do that anyway, and anybody who thinks they will is gonna be dissapointed.
Splogging and adult blogging isn't an "I'm gonna get TONS of great google traffic." strategy in the first place.
It's a long tail strategy, a low cost way to generate pages, each with a very small possibility of catching a surfer.
If you've already decided to create a few splogs, you should know this.
There are millions of "real" crappy blogs that never get a trackback, so it won't take a humongous effort to do enough trackbacking to lift an adult splog into the realm of shitty unimportant blogs that might get a longtail position.
Then, every adult blogger should have their "best" blogs, with the most original writing and flavor - and their own strategy for getting traffic to those "best" blogs. Those have an even better chance of getting longtail traffic, and could benefit from a few trackbacks too.
If your point is, there's no point in making splogs, you're right, there is no point, and everybody should stop.
If your point is, once you've made a splog, you should do nothing, stare vacantly into space, and dream about making a mainstream bizop blog and selling ad space on it, then go ahead, do it.
I imagine you already understand what's going to happen to a shitty little se domain with all the incomings pointing to the index alone.
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