WordHugger is web 2.0 project pasted on selling words with their unique pages which ofcourse you can edit yourself, you can add your own text/image and even adsense code kinda like MDW but 50% profits from this site goes to KIVA a non profit organization which lends money to entrepreneurs around the world.
The concept behind wordhugger is that you buy a word and then you are given a page under that specific keyword with the proper meta keywords and description as well, the site design is what i love most the shades of black and green really gives it a glossy feel besides that every page on wordhugger has its own meta keyword and description automatically generated so that there isn’t a mess in serps which i really like and above all 50% of the profits go for a good cause.
The part that i like best is that every page has its own relevancy, title/meta/content and the whole site serves as topic site, sites per topic in a way.
The problem with MDW was that every page seemed as though its spam and the fact that they were gaming pr so obviously was a clear sign that at some point they would be crucially de-indexed.
Oh and i got one too its called Webhost Reviews.
I’m gonna keep an eye on this one 
September 15th, 2007 at 8:13 pm
Thanks for the blog press, and your kind words! I wish you the best of luck with your words.
September 17th, 2007 at 12:48 pm
WordHugger is a very sleek application. I have also launched a site that incorporates the idea of purchasing, I call it, Traffic Pages based on words or names. However, it is different and it includes a part of a larger patent pending idea of deep linking. The site also offers 10% profit to its users and one million dollar for a grand prize. The site is http://www.milliondollardig.com
September 18th, 2007 at 12:11 am
Just a quick update, I wanted to let you know that your page has received well over 100 unique visitors in under 24 hours since we launched, and on the launching press release
( http://mashable.com/2007/09/16/wordhugger/ ),
the screenshot used was of your page.
September 18th, 2007 at 12:14 am
Ah great thanks for that!
October 13th, 2007 at 1:16 am
Wikillionaire.com has just launched today offering similar service.
“Wikillionaire is a brand new micro investment concept that allows you to own a piece internet real estate. Wikillionaire is much like Wikipedia except each page and pixel are owned by someone. Whether you’re an entrepreneur, a blogger, an advertiser, a real-estate agent or an avid movie goer who wants to show the world, Wikillionaire is perfect for each you. Wikillionaire helps you earn money from ads sponsorships through companies like Google and Yahoo. “