http://volokh.com/2012/05/21/adventu...et-forfeiture/
Above piece has more information on this case and another covered by George Will. Ilya Somin is a constitutional scholar and provides some interesting comments.
The apparent liberty with which local, state and federal agencies can use these statutes as a pretext to fund themselves creates an inherent conflict of interest, IMO. As other people's money runs out, such seizures may become more prevalent.