Is it a Noval Internet Scam ? $150 per day!!

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Hi everybody, I shall tell you about an unbelievable business ( online affiliate marketing) offer . Believe me,it is not advertisement trick from my side . I am not yet registered with it .In fact the business which I am going to ask you about seems to be scam . The purpose of this post is to know from you whether you have any experience and knowledge of this site. affilliatejunktion.com is the name of the site who is making the offer . 1.It guarantees $150 per day income from their affiliateship within 30 days . If you cannot achieve this target they will pay you that daily income ( for working days only) This "guarantee" figures even in Terms and Conditions , of course , under certain additional conditionality . 2.It promises to bear all the cost on your behalf for purchasing hosting and domain service from iPowerweb(no other host)for hosting your afiliate site .First , you have to sign up with iPowerweb and then forward to affiliatejunktion.com ,the payment receipt mail from iPowerweb. Once this is done i.e, you sign up with the iPowerweb ($4.95/month x 12), $75 will be deposited to your a/c.by affiliatejunktion.com administration.Thus, you get one year free hosting of your affiliate site and more. 3.It(affiliatejunktion.com) promises to put your affiliate site into google, yahoo etc. search engines spending their own money . 4.They claim their conversion rate ( the ratio of the # of actual sign up to the # of visitors to your site) is as high as 50%-75% .Assuming , at least 200 visitors to your affiliate site daily and $2 commission for each sale , just calculate how much your daily income may become . Thus affiliatejunktion.com is offering you the most lucrative online business, that too absolutely free of cost . If you know about this site both positive and negative please tell this forum . And even if you don't have any knowledge, please, tell what intuition and guesswork tell . This will not only help us all but also you personally . Thanks