I love it and I'd definitely list that format. I don't understand how it could help with SEO for the free site or the link list, but I think it would be far more welcoming to surfers. I'd bet that a lot of surfers click away when they see a warning page and no obvious or direct route to the content. I'd still want 3 ad blocks per page though. I see only one on that proposed format.
We often say that most sales are attributed to the index and main pages of a free site, but how many of us are saying that because we read it somewhere? That's why I say it. (Most of the shit I spout off is based on what other's have said.) Not long ago, DD stated that sales are created by content. That makes a lot more sense to me than the idea of surfers being instantly sold by "click here for more big tits."
This is a great idea and a great discussion. I *think* even

himself may have said that the free site has needed to be revamped for quite some time.