Position Tech just called me to explain whats going on with the Direct Submit program.
According to them, Overture will be issuing refunds for all online gambling sites that were previously accepted under the Direct Submit program. Overture is aware of the situation and is proceeding with this once the month has ended and any clicks used are charged against the deposits they already have.
The Inktomi listings previously purchased will be honored until their expiration date and will then be dropped with no renewals being accepted.