I've seen this article listed on several of my Yahoo! groups, and some authors are finding it offensive.
I think it's funny. lol Call romance novels bodice-rippers, trashy novels, formulaic - it's YOUR opinion. But enough people like them enough to make it a billion-dollar business.
Here's the link to the article - http://www.delaware online.com/ apps/pbcs. dll/article? AID=200990406060