This interview is about a week old now and I just got around to listening to it today. All Adsense publishers should take the time to listen to it. It is interesting to hear a Google employee talk about issues and problems that get discussed verbatim on webmaster forums.
Things like how smart pricing works, click fraud, accidentally clicking on your own ads and the new Adsense policies. Shoemoney also asks him about YouTube revenue sharing for publishers, which is a very exciting development for video producers. It sounds like they will be using some Adsense technology to calculate revenue for publishers.
I have been thinking of an idea for a video site the last couple of days so I was very interested to hear how this might work.