Pretty good read about the research that has been done by Merit and U of Michigan on the effects of advertising the 1.0.0.0/8 network into the public Internet. And of course there's lots of misconfigured systems and other garbage data to that network, which is amounting to 130-150Mbit/s of traffic!
APNIC, who has been allocated this range by IANA, is going to have fun dishing this one out, hah!
http://arstechnica.com/business/news/2010/06/addresses-at-the-bottom-of-the-ipv4-barrel-not-so-pure.ars