While perusing one of the many sites I visit on a regular basis (Security Cadets), I spotted a link to another site that had a recording of a spambot in action. Anyone who designs blogs and forums should watch the video:

http://www.botmaster.net/movies/XFull.htm

This is visual proof that CAPTCHA (Completely Automated Public Turing test to tell Computers and Humans Apart) does not stop spambots.