I hate adverts on websites, and I find the Google text ads some of the worst as they can completely ruin the flow of the text. This is worst on many blogger sites, where an advert will be inserted straight into the area where the text content of the blog is concerned and often, frankly, it just looks ugly, not to mention highly confusing if you are trying to read the entry online.
The graphical ads are usually tolerable, as long as they are placed in a suitable location that allows the text of the content to flow around the ad itself, just as it it were a photo or image as part of an article. That doesn't mean I like them any better, but least you can more easly tell where the ad begins and ends. More annoying are those animated and flash ads that have an annoying habit of sapping CPU time while you view them, to varying degrees.