I have been using Entrecard since December and I like it. Although it is not a perfect system, but it is great for those starting a blog.
I have had my Entrecard ad displayed on Problogger (twice) by only paying with Entrecard credits, and got some traffic out of it.
The one thing I do like about the system compared to other advertising systems is the fact that you can approve ads you want displayed on your blog, and reject ones you don't want (as Renee has done.).
It is still a work-in-progress, but those responsible for Entrecard are very active in working with the bloggers to make it even better.
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