I wouldn't write off Adwords completely. I've had some success with it. It all depends on your niche, and how expensive the keywords are that you're bidding on. For some it might be worth it, others not so much.
MySpace is very handy as well. You can target folks who you can be reasonably sure will have an interest in your site, and you can keep their attention on your site with the occasional bulletin announcing changes, updates, etc.
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