Unless you’ve been hiding under a rock for the past week, you’ve surely heard of BlogRush by now. For those of you who haven’t, it’s a service that is set up to share traffic in the blogosphere and it works very much on a “you scratch my back and I’ll scratch yours” system. You can see the widget in action over at Beyond the Rhetoric near the end of the sidebar.

For every impression that the widget gets on your site, you earn a credit which will then be “spent” on an impression over at someone else’s blog. You get a temporary linkback and hopefully a visitor to that other site will hop on over and visit your blog based on the catchy title that you’ve given your latest blog post. It also helps that the referral program goes ten generations deep.

This concept will work great for big blogs like John Chow dot Com, because he already has referrals down to the 10th generation. In this way, his account gets credited with a whole whack of hits, resulting in even more publicity and exposure for the supposed panda killer. But what about smaller blogs?

Even though I’ve only been running BlogRush on my blog for a few days, I was curious to see how it was performing and, well, things aren’t as bright as one would hope. The traffic I have received is minimal at best, but I am not alone. Even the almighty John Chow is only getting a 0.33% CTR (click through rate). That’s one-third of a percent! He hopes to increase this figure by controlling the headlines displayed.

With that, I open it back up to you, my fellow BlueFur enthusiast. Have you joined BlogRush yet and what has your experience been thus far?