I wouldn't mind it if it was done right, but the problem is that it's really hard to do podcast advertising right.
An example of one network that does get it right is 5by5. On these shows, an advertiser gets worked into the middle of each episode, and the hosts take a minute or two to discuss the advertiser and why it's cool. There are a few obvious "high points" provided by the advertiser but they talk about it in a natural way without reading a script or sounding like shills.
But the reason those ads work is that the products fit the audience but are not themselves objects of discussion and criticism. But with a video game podcast like the Bombcast, the most likely product to get advertised would be video games themselves. This raises an issue because you can't exactly have an ad for Medal of Honor: Warfigher, for instance, where the hosts have to talk about the game in a way that tries to sell it, and then trash it. That doesn't really work for the hosts, the advertiser, or the listener.
There have to be some smart advertisers out there who are not in the video game industry who recognize the value of the Bombcast and how their brand could fit in with the show's audience. (As someone mentioned already, Zojirushi comes to mind.) If that can happen, I'm really not opposed to advertising on the show.
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