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Freesites are a very good addition to your daily routine, but shouldn't be the only thing you do if you want to earn good money in this biz.
Benefits of freesites:
Fantastic tool for honing your sales text - with 2 pages at least that are content-less, you need to get the surfers attention, fast, and get his/her 2 most erogenous (sp) zones - brain/naughty bits going.
The two pages at least of advertising before even having them freeload
The (for the most part) eternal listing on LLs, often rotated so very old freesites still hit the top of the category listings
Good targetted SE traffic that LLs bring in
Relevant, authority links to your freesite(s)
SES picking up your freesite(s) and in some cases giving you very good serps
Downsides of freesites:
None really, apart from the slight monotony of building them.
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