I have actually found this new interesting program through a traffic exchange just a few minutes ago. I surfed for about five minutes, and there it was. The told me that this was a brand new alternative to Google AdSense, so I just had to continue reading. Only 451 members so far and it had launched January 27th (I think I read that somewhere on the site). It was free signing up and I did it in a few seconds.
It seems to be so new that not everything is ready yet. You can´t use their AdSense like system yet, we have to wait for it to be developed. I haven´t read much about how long it will take before it´s finished, but I know after reading on their members area that this is going to be interesting.
I am not sure how good it´s going to be, and if you will earn more money with Fair Ads Network (FAN) than with AdSense or any other alternative. But my guess is that this system is worth signing up for and starting to promote (after all it´s free and it seems to be very professional).
Update: I have just read that FAN is only accepting 9840 members in this “prelaunch” phase. I am not sure if “only” is the right word to use, but if the word about FAN gets around, my guess is that 10,000 people will join fast. Just look at Agloco. At the moment 466 members at FAN in 3 – 4 days after the “prelaunch” started.