Along the same lines as Google AdSense is Operation Fabulous:
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http://operationfabulous.comYou as a website publisher can list your inventory and advertisers bid for that space.
That sounds good.I originally planned to just ask advertisers to pay a smallish fee (no more than 5BTC per normal ad slot or 15BTC for each Ad that took up half the page) and then host their image with a clickable link to their business but I'll give this a go.I wish to control the content of hte ads and how much I can charge so I can ensure enough income to fund improvements to the blog.
I do plan to setup a donation system similar to the one on this forum where donators,VIPS,Platinum members get special ranks and priveleges for specified amounts as I feel that is a good system to follow in addition to the regular donators (0.5BTC rate)