I just tried this "strategy" for about 45 minutes. I started joining the .05/.10 NL games and starting with $3. Sure enough, 3/4 times someone would call with dominated and I would cash in. The only "scare" I had is when it was AA v 77, he flopped a set, but the river was an ace.

I don't really think this means anything because I think everyone knows this is good for making small amounts of money vs crappy players, but wouldn't work at higher levels (or would it??? hm...)