What's really obvious from lots of marketers (even the huge ones) is that quite often all they do is pitch other affiliate products. I think the only reason I'm on their list is because they have a huge reputation and make a ton of cash.
If I didn't know who they were then I'd probably unsubscribe or use the 'dedicated email address' only.
So what's all this non-sense about the money not being in the list ... it's the 'relationship' you have with your list? : )
... Maybe this is just the 'freebie' list and these guys are more aggressive to them than the 'buyers' list.
Whatever it is ... I'm sure it's planned, tested and thought out.
What do you think?
P.S. It's hard without giving examples of these guys but I'm sure you have your own examples.