Nice stuff (coverage from Onlineblog.com), I've been with blogads for a while and considering that this blog is pretty low traffic and niche focussed I've still had a reasonable number of paying ads from them.
Henry Copeland's (of Blogads) overview of the WSJ coverage mentions that Markos Moulitsas Zuniga of Daily Kos is pulling in $4,000 a month from his ads; then again given that he's getting over 400,000 visitors a week, at that rate I'd be closer to getting $5 of ads per month :-)
I guess the ideal product placement for this blog would be a beer hunting application for Symbian phones that used FOAF and Bluetooth, so if you want to advertise one of those you're looking in just the right place!