Get Free Access to Pay-Walled Content with a Simple Google Hack
lifehacker.com
lifehacker.com
(Here's the bargain: "You will implement First Click Free or you will vanish from our search results, to be replaced by the people who copy/paste your articles and put AdSense on them.")
Or implement a server-side thing to check if the requester is a googlebot, and if so give them the entire page, or if not ask them to register/pay. Might raise some issues with Google's cache, but that could probably be worked around (does Google allow sites to opt-out of that? Does that influence their positioning?)
EDIT: Having noticed that Google refers to this as cloaking, and dislikes it rather extremely, I'm having a bit of trouble figuring out what would work better. So, it does seem like a bit of an issue ...