Google AdSense for Domains ( http://www.google.com/domainpark/) really makes a lie of not wanting useless content. The designed a revenue source for parkers/squatters.
It is very related. Google made span sites and splogs profitable (through their various add networks). Therefore they are the major funder of spam sites- even if they themselves do not promote them.
+1
and my perfectly non-spammy blog was rejected by them. They didn't mention the reason but I have a hunch that it was because it isn't about any one or two things. It's about a bunch of things I find interesting - both personally as well as professionally. Now, google must have found it difficult to determine what ads to show, so they just black-listed my blog for ad-puposes. Period.