I'm not a huge fan of blogs and websites that overdo the advertising. It takes away from the feel of the site and hurts the overall experience.
That's why I tend to use affiliate links that are embedded within the posts and just a couple of ads on the site.
Out of curiosity I decided to play around with domain names while renewing www.Blurbeo.com for my whiteboard business and I found that TimothySykes.co was available for only $6.95 a year. I quickly checked Tim's site visits with compete.com and found that in June his site had roughly 46,000 unique visitors. I'm betting that I can scalp a few hundred visitors who accidentally leave out the "m" in .com. I've set up the domain as a forwarding page to my affiliate page for Tim on Profit.ly. Maybe I can create a small income stream from it.