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Yep, I've been following Zazzle pretty closely and you're doing some really interesting things in the peer production space (and things got a lot more interesting after the Flickr announcement!). I've also been following the Zazzle blog, and I like what you guys are doing. You're really working on converting digital images to physical products, which is pretty smart since people seem to value physical atoms much more highly than digital works. For instance, I'd find it pretty difficult to sell my images from Flickr, but I know plenty of people who'd want to buy those images if they appeared on clothing, mugs etc. Of course, sites like iStockPhoto (and more recently Fotolia) have found that photos can be licensed cheaply - so perhaps people are starting to value digital works to some extent.
On the whole though, it seems to me that physical creations can be sold (Zazzle, CafePress, Qoop), while digital creations tend to be ad-supported (Revver for video, Shoposphere for reviews). The third way - selling digital content - is still buiding up steam, but will be effective in the future.