According to the experts, the answer is no:
http://www.seobook.com/archives/002322.shtml
Quote: If you are really struggling for links then you might want to submit to the top few article sites on this list but otherwise I would really recommend steering clear of article sites. They are full of low quality duplicate content that never attracts natural links and are joining directories in the webs spam filled wasteland.
http://www.blogstorm.co.uk/blog/article-marketing-the-right-way/
Also:
http://www.wolf-howl.com/grayhat-seo/article-syndications-sites/
http://www.seo-blog.com/publishing-articles.php
Megan
My web design blog
hsc-online posted this at 14:43—2nd July 2007.
They have: 8 posts
Joined: Jul 2007
yes , correct. If you submit same articals 50 or 250 artical sites, No point. Just wast your time and money. select 3 or 4 best artical sites.specially try google ,yahoo, msn trusted sites. That's should be enought.
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Freedom posted this at 09:24—3rd July 2007.
They have: 80 posts
Joined: Oct 2006
Agree. I have heard a lot of possitive reviews of that, but no one couldn't show real results. It is a pitty. Because this branch of SEO is empty enough to get good results there.
Megan posted this at 13:33—10th July 2007.
She has: 10,032 posts
Joined: Jun 1999
What do you mean by that last bit?
I think what people are missing here is that with article directories you're trying to hit your target in a round-about way (quality sites to link to you and quality visitors to read them). If you're going to write articles for other sites, why not go directly to the source? I know in web design there are lots of quality sites that accept direct article submissions. One article on a site like this would be worth hundreds on low quality distributed sites. You just have to write something that suits their topic and their audience.
I'm sure even with other topics there are lots of decent quality sites that would be happy to accept articles written by others. They want to keep serving quality content to their readers and all they need to give you is a linkback (anyone want to write about webmaster related topics for A Padded Cell?). They also want unique content - not something pulled from an article directory that is just going to get them banned for duplicate content.
You could also volunteer to be a guest blogger on sites that accpet them, or contribute to group blogs.
What I'm thinking is that instead of doing old fashioned link exchanges and posting articles to article sites, we should be doing direct article exchanges. I'll write for you, you write for me. We both get a good linkback
It better be good though, because I don't publish crap 
(there's the benefit of article directories - they publish crap!)
Megan
My web design blog
princess23 posted this at 06:44—6th July 2007.
They have: 40 posts
Joined: Mar 2007
yes, articles work for me. it can give a lot of back links. just make sure that your article is worth reading
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sheena24 posted this at 10:35—10th July 2007.
They have: 18 posts
Joined: Apr 2007
article marketing plays an important role in seo.it bring backward links for your site.
we can write the same article in various article sites.sometimes dupicacy exits butwe need backlinks,so submit in different sites
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Megan posted this at 15:51—17th July 2007.
She has: 10,032 posts
Joined: Jun 1999
Here's an interesting article with another strategy for content marketing:
http://www.webcredible.co.uk/user-friendly-resources/search-engine-optimisation/link-building.shtml
This is basically doing what I described above - writing good content and submitting it directly to quality sites on your topic. The article above does talk about paying for the opportunity - I don't think that would be necessary in all cases. It would depend on the quality of the site involved and the spamminess of your content. i.e. if you have a lot of obvious linkbacks to your site in the content (it reads like an advertisment), you'd probably have to pay another site to post it, if they would post it at all. On the other hand, if you had something really high quality and authoritative, that would attract a lot of natural links, a site owner might pay you for exclusive use of your article. In most cases you'd probably do an equal exchange - content for link back.
Just the other day I reported a search to Google because the first result was basically an advertisement in article form. They could find a way to catch on to that. And besides, a lot of good quality sites would outright refuse really spammy content even if you offered to pay for it. I would.
Megan
My web design blog
princess23 posted this at 05:27—18th July 2007.
They have: 40 posts
Joined: Mar 2007
yes it does. just make sure that your articles are of good quality
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seomaster007 posted this at 10:23—19th July 2007.
They have: 18 posts
Joined: Jul 2007
Submitting your 2/3 artical's on best websites and see the result
elena29 posted this at 09:07—31st July 2007.
They have: 28 posts
Joined: Jul 2007
It is recommended to keep content as unique as possible because Google gives penalties against duplicate content. Ofcourse you will not be dropped into the Google sandbox for inbound links as you cannot control who and why is linking to your website but on the other hand those inbound links will have low value and you will be faced to a waste of time, not to mention financial resources.
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cooluks posted this at 17:37—2nd August 2007.
He has: 16 posts
Joined: Aug 2007
I agree with Megan, because it is being duplicated some writers just copy other's work... They don't create unique articles....
It will lead to duplicate contents...For Penalization... If articles are made unique... It will be a good one... But as of today I think many are constructing articles.... Which they just get ideas from other writers? What do you think?