Yes. It is very easy. You sign up to Adsense, you get some script / code and add it wherever you want the Ads to appear. And they are highly Contextual ... related to the Content of each post. So you get lots of clicks and lots of $$$$
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Hehe no I didn't mean the implementation. I tried to apply for AdSense once upon a Time and it said I needed a blog which was atleast 6 months old or something.
So is there any criteria like that which POB won't be able to pass yet?
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I think POB would pass with flying colours. Especially with the increasing traffic numbers.