Google announced a Search-based Keyword Tool, leverages "search query data relevant to your website's content. In other words, this new tool gives you keywords that are highly relevant to your site but are not part of your AdWords campaigns."
I see that it says "keywords not already in your account", yet a lot of them are? And bids don't appear to be accurate. I guess it could be useful to build out keywords for content, still playing around with it.
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