Autoblog - Is it still worth it?

Been considering ramping up Autoblog again on a few subblogs, but seeing how blog networks have been slapped (as well as one of yours recently) I'm wondering if the days of autoblogging have ended.

Anyone still using it? If so, caused any problems with your rankings or know what to look out for?

Would be great to get James in on this following his recent Google ordeal..