No, she's real. She's more deeply involved in the G3 pony community than the furry fandom, but I see no reason to doubt the sincerity of a woman who hangs out on FurAffinity, buys glittery cat-girl artwork at cons, and takes twenty-five minutes out of her day to show you how to make a pink chinchilla avatar on Second Life.

I'm sure she's fine with milking internet pervs, too (who wouldn't be?), but one can be both a professional Youtuber and a genuine furry.

Also, most of her "milking" seems to come in the form of art commissions (she sells Blingee style con-badges) rather than ad revenue.