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My two cents on blogging with AdSense. It takes time to build up a decent revenue. Give it say a year or so unless you are Jason C and can pump in lots of money upfront in your project.
When I'm in shopping mode then I'm prone to ad clicking but when I'm in reading mode, you could have ads promsing me free riches and gold and I'd probably never see them.
Before going through the trouble of putting AdSense on a blog about AdSense, consider the fact that AdSense publishers do not click on AdSense ads. They have generally been conditioned to avoid these at all costs for fear of a life-time ban if they do.:)
I have always wondered what kind of a CTR this forum would have if they ever put on AdSense.
GAAHAAHAAHAHAHAHA. oh man. he's so right, man. BAAHAHAHA.
My idea is there are more newbies like me than seasoned webmasters like you; so when I write abt adsense, and there are also other adsense links, hopefully they click.
Whilst the area may be pretty covered by others if you have decent ideas and can offer something that all the others can't then go for it.
The fact that, in dense web topic areas, it may take a while to get your site picked up is valid though. You may be able to speed up the process using existing sites to push traffic through :)