That could be a good deal for a spamming business. I think that certain spammers currently invest significantly more than 1/100th of a penny per solved CAPTCHA.
The ideal, once your email-receiving price gets high enough, would be for spammers to basically send the kind of spam that you would have paid to know about anyway (e.g. instead of reading a gadget blog, spammer pays you $1 to look at his customized spiel pitching a particular gadget similar to the ones you've previously liked).