I'm giving a try to the client (yes i play Wurm)
It works and it's very easy to use, it's a very basic client, install it and you can run/stop it. In the settings you can choose the GPU to use (if you have more than one) and if run it always or only when idle.
With a ATI 6950 at default clocks, i make 240 iron/hour. For comparison consider that 1 silver is 1€ and that 1 silver is 10.000 iron. The money is directly added to your character.
The client auto-start when you turn on the computer wich is a bad thing, especially considering that there are no options to disable this. With start>msconfig i see that there is the coinlab mining client and from there i can disable the auto-start but it's still meh.
Now i wonder if i can use a normal miner like guiminer to mine for this, i see it's just a normal PPS pool, i suppose it would be possible, having username and password
So my conclusion: nice idea, the client is easy to use and works but please remove the auto-start thing or at least add an option to remove it. Starting a computer and having it's GPU running at 100% always is a bad bad idea (for mining for example i always downclock my memory clock, but manually, when the pc start it's still at default clock, and having gpu at 100%=bad)
I'm still looking forward to when a bunch of Bitcoin miners get together and direct ~50GH/s into Wurm and take control of the economy on a server
If the ASCI thing is not a scam, in the next month you will be able to buy a 60GH/s ASIC for like 1300$. So it will be very very possible then.
Wich also means that, if ASIC really will be released, i'm afraid this service will come to a stop, at least, for bitcoin mining.