I submitted an application to view iAds. It was literally 1 view with 7 iAds plastered on it. I created it because of all the threads of people saying, "I wanna see iAds! What apps have iAds?!" I figured it'd be a good first app and a way to make easy cash
7/21 Waiting for review
7/28 In Review
7/28 "Your application needs more time to review" email
7/29 Call from apple saying that my application had an inappropriate use of iAds, and that there can't be applications dedicated to just viewing iAds.
I thought it was a mutually beneficent move, as Apple would make money off it as well as show off their new ad system. Guess not?