Most of the money I make comes from offers that pay in that range. Not talking about email submits though since I don't like to waste my time on that.
I don't think I even need to go into this too deeply: YES.
I've been run low paying CPA's forever. If the conversion rate is there, and the clicks are the right price - you can make some MAJOR profit. Give it a try sometime - on EWA we see HUGE volume coming from email submits, 1pg submits, etc.
rebills blow ass, i feel like i screw ppl when promoting them
not every low paying offer is a submit...
There have been some campaigns that were easy to smash... fastweb, picture.com... etc
I don't care how low the payout is when I'm getting the traffic for free. About 75% of my traffic is free these days so it's hello profit.