AdSense, Amazon... Autoblogs, What do you think about autoblogging ?

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Hi guys, what do you think from autoblogs ? Lots of adsense and amazon money seeker using autoblog to their blog.. Honestly I am tempted to get one, so my friend created 1 autoblog niche news for me and the awkward part is, it brings unique visitors from the search engines, and earned almost 5$ from it. Just want to share my thoughts, Is autoblogging = stealing contents? Because on the autoblog, at the end of the article, its has the source's links and everything.. Cheers..