I'm interested in finding out why this is used on some Web sites for processing user-initiated search submissions, how it affects the request and response flow, and programmatically why it would be necessary (or beneficial). In an MVC framework it seems difficult to execute since you are injecting another page into the middle of the flow.
EDIT:
Not advertising related. For instance, most travel sites used to do this, and there were no ads... some banking sites do it too, where there is just a loader that says something like "Please wait while we process your transaction...".
It is often used in long running requests to prevent the web server from timing out the request. With an interstitial page, you are able to continuously refresh the page until you get results back.
EDIT:
Also, for long running requests, it is beneficial to have a "Loading.." page in order to show the user that something is happening. Without the interstitial page, the request can appear to have hung up if it takes too long.