Creative Weblogging has informed the blogosphere that they are busy building a CW ad network. To quote their blog post:

It’s still in alpha mode and we are figuring out some of the nuts and bolts there but we have some sites that already run some campaigns successfully.

We believe we can provide a very relevant service to the blogging community:

- deliver great revenue to successful blogs (but not yet mega blogs)
- provide a simple but full fledged ad server to blogs that have so far shied away from that investment for FREE

Get the full info here.