By the way, I just tried to upgrade this product (I was running 1.0.1) and I encountered this database error:
Database error in vBulletin 3.6.7:
Invalid SQL:
DELETE FROM phrase WHERE product = 'mip_phpadsnew' AND languageid = -1;
MySQL Error : Incorrect key file for table './xdatabasename/phrase.MYI'; try to repair it
Error Number : 126
And now I go to the Admin panel and "phpAdsNew Integration" is missing. But the ads are still being served.
I recently upgraded to MYSQL 5.0.45 - would this have anything to do with it?