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Sorry I don't know the answer to your AdWords question, but I can confirm that simply adding the Alexa image to your site WILL cause all visits to be registered - I went from a rank of 7-9 million without the image, to a little under 1 million, with no noticeable increase in my actual visits, according to AWStats at least.
Just to clarify, people don't need to click anything - just having the image (and code) is enough.
This would then negate the need to use an alexa redirect in Adwords...
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