What is VQ Cash up to?

Got a question, folks.

What's the scoop with VQ Cash and it's unusually large array of sites? They're up to 46 sites now as listed here...

http://www.vqcash.com/sitelist.aspx

In my experience, any affiliate program offering this number of sites is doing one of two things.

1) Providing a minuscule and unimpressive experience inside the site (usually a small handful of photo sets and videos along with a mess of content feeds).

2) Running a much smaller set of sites (or even just one site) that a mess of domain names and customized "covers" lead into.

I suspect it's option #2, as they seem to have a large video library they have put into categories (Asian, jock, etc.) for which in turn they have designed number "covers" to market.

Has anyone peeked inside their site(s)? I'll get around to it one of these days, but was curious what they were doing in the meantime.