In AdNauseum's implementation, the revenue is drained from the advertisers to all of the sites where those ads are hosted and where AdNauseum's users browse. Neither AdNauseum nor the users browsing the sites benefit from that revenue. Instead, the advertiser's marketing budget is slightly less effective.
This changes the behavior from an intent to profit to an intent to harm. I'm certain that they could prove in court that they do not intend to profit from this activity. But I don't know whether or not the court would classify the outcome of the activity as "resistance" or "harm".
Regardless of what a court may decide if it ever gets involved, the term "click fraud" as its most widely used and defined certainly includes clicks aimed at causing a party to lose money as well as than clicks aimed at directly obtaining money.