I can't imagine the situation has gotten better. How many pieces of web content does a person view in a typical day? 50? 100? Imagine making fifty purchase decisions every day. I think anyone would be exhausted.
I don’t think it would really work, but it wouldn’t be exhausting either. You wouldn’t have to put in your credit card number and address every time you viewed a document.
Really, "micro" payments are not micro at all! "Micro" should mean a thousandth of a dollar at most, with the assumption that volume will make up for the profit.
On the other hand, in the before times, people paid by the minute to a network provider (such as Compuserve, Genie, AOL, etc) as well as to their phone company to get online. I might consider paying per minute to access some high quality journalism... But then again, probably not, I'm cheap.