shrtn.co recently launched as a url shortener with the ability to earn you money, links are converted on the server to turn into affiliate links automatically.We converted a play.com link to http://shrtn.co/1ai and if a person clicks and purchases something, we gain a commission.
It’s a great idea and if they get the traction its sure to be a winner, we would love to be able to use our own domain names with it and whitelabel the product but its a good start and they already have a good amount of merchants already 
You can signup online at http://shrtn.co (clicking that link gives us a commission to help us).
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