I found this site via StumbleUpon: http://parentingsquad.com/peanut-butter-baby-food-no-reason-not-to Each story has a photo resized to fit in nicely beside AdSense. This looks dubious, but...
It seems ok but im not totally sure, you have kept a decent amount of space between them plus theres the text right underneath, i think it will be fine. Doesn't look like your intending to trick.
I think it will be problem because adsense is the first thing under main title. Google does not allow ads to be immediately under the title...
I think you can have images with adsense (I do on some sites), but they mustn't look like the images are associated with the individual ads or suggest that if you click the ad you will be getting more info about that image.
Thanks for the feedback - is the rough rule that individual pictures per item is forbidden, but a single image aligned but not too close is OK? I'm considering doing this on my site...