Has google's terms changed since I note the label on the top right and know that Google officials are here. Ever been discussion of this?
Post a screenshot with exactly what you are talking about...I don't see where the ads are labeled at all?
What are you actually asking? It's pretty clear what the guidelines state. Don't label the google ads with anything other than "sponsored links" or "advertisements."
I assume you're talking about the ads in the upper right of this forum...look at what you quoted: "This includes any text directly above our ads" There's no text above the ads. "Put Your Advertisment Here" is below the Adsense.
The two text links are not "Labeling the Ads" Your example of "Click the Ads Above" breaks other parts of the TOS, so no, it wouldn't be OK.