Shoemoney reports, that an unconfirmed source emailed that Google Adsense will be testing a paid review service within the next couple months via Google Adsense and is seeking beta testers. Google has not confirm or deny yet.

Shoemoney thinks the idea might make sense:

Publishers - Google already has a amazingly huge database of publishers.

Advertisers - Nobody has no online advertisers then Google AND now they they have taped into the news, magazine and radio network they have access to tap even more advertisers on the shoulder to pay for reviews of their service.

Blogger - Google already owns the biggest blog network in the world and they seem to already have a relationship with wordpress for easy implementation of Google AdSense on wordpress.com (that would make sense anyway).

Metrics - Between Google toolbar, Adsense, and Pagerank data Google has by far the best metrics to price a site for a review. They already use these metrics for Adwords in selling contextual ads and links.

Google has pretty much destroyed ReviewMe and PayPerPost (the competition) and launching there own seems like it would solve all of their problems. The big issues Google had with paid reviews was the linking issue and now they can control all of that PLUS get a chunk of the revenue.

Now Google has always contended that paid reviews are bad as long as there is no proper disclosure and links aren’t made nofollow. So it would be interesting to see if and when Google does launches this service, how they would go about implementing it.

A Googler responds to this and denies anything resembling paid reviews: “In terms of a paid review service through AdSense, I certainly haven’t heard of any such product. I’ve done some searching around the web and found some speculative reports that were the first I’d heard of this product.”