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I think it depends on what your newsletter is for. I think if it's for subscriber building purposes, you should. What are your thoughts?
I have a site for elder care and caregivers. It is fairly new and doesn't have a lot of traffic, but it is picking up. I just started a newsletter and would be glad to hear what others think on this topic.

My newsletter is meant to remind people of the posts as the BellaOnline newsletter does, provide some new/unique info, but then I'm not sure what to do with it from there.

In what ways would you monetize? I was thinking of linking a review to Amazon.com like we do at the end of articles here.

Additional thought: I will also have an ebook or two someday, but that is a ways off. They are caregiver related.
I like that. It is a reminder. We all get busy with everyday life, so the newsletter or ezine brings our product back in focus.
I have an newsletter for my health and wellness website and I usually have a theme for each one. I use it to link back to articles on my website so as to draw traffic back to it and often I put at least one affiliate product in if it fits the theme.

I try to put more info tho and not really monetize it. If people come back to my website, they will find affiliate ads there.
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