Getting Paid For Your Content?

I just came across a new income-generation site that would definitely excite some bloggers or web publishers, especially those who churn out vast amounts of content on say, photography, or video.

This site: www.vitshow.com says it pays for content. It claims to be "an online service that rewards our members who share videos, images and topics with each other."

Why is it set up? Well, in their own words:

"We believe FREE is Too Expensive. You will be paid according to the popularity of your shared content; and more importantly, you will get extra benefits by displaying your own google adsense or other commercial advertisements on some ad spots allocated by VITshow. VITshow cares deeply about your online privacy."

Nevermind about the privacy thing: so, how much can you earn? This is what I have discovered:

It pays according to Content Impressions - ie. how many views your added videos, images and topics received in a month. Your content will be separated in various groups accoring to countries and payment is made according to that.

ie.
Group-1 countries: $0.2 per 1000 views
Group-2 countries: $0.1 per 1000 views
Group-3 countries: $0.05 per 1000 view

You will also get 10% commission from all your referred users' earnings as well!

Sounds interesting and I am sure many of you will be interested. And probably lured into signing up. But is it here to stay? Or will it end up like many others that came before it and gone, and wisened some of you out there who have tried? I am just wondering...