I think your blog is ready for adsense. While waiting for approval keep posting new article everyday. God luck.
It's ready but if you are from India, they need the side to be at least 6 months old. Anyway, success with your application.
I suggest first read / take some knowledge from adsene help forum at google and also read adsenes TOS before applying it takes less time but give a bunch of knowledge which will help in success.
Hmmm.. I think it could look a bit better. But the real question is, how much traffic are you getting? If you are currently averaging a steady, decent amount of traffic then i'd say yes.
Now i can see live ads....... Congrats......Please use a professional template and place ads in proper place.. Good luck.............