Yes this is acceptable. There is no issue with this layout. However make sure not to too blind the ads, show your text not ads.
Better to replace the position of 468*60 banner to just below the posts.. It will look cool and generate more clicks..
My Irony detector has exploded . Back on topic .Google is OK whit anything you make in terms of site layout .
Yeah it is completely fine. Although a word of advice. Putting so many ads on your web page, might put off a user. Personally i have had one ad pay more than 3 ads all over the page. (3 ads on a page is the limit in case you didn't know) Best place to put your ad ? Right under the Post title and showing ONLY on the post page. Not main page It will make you home page look clean, make users think its a pretty good reliable site, not a adsense making money only site. And ads under a post title has proven to be the most converting ad. And a small banner at the end of the post with text links only perhaps
Agree with you. The top portion looks cluttered with ads. Many a times, it won't attract much clicks. It's always better to position ads away from one another.
I also agree, to much ads, i see you have tried with image only and text only to make it seem less, but it wont work. To much anyway, put the small banner in top with image and maybe text, and the big one(only image banner) in the bottom of the page. Then you can have a banner with picture, text, video, whatever, without it looking too much.. And the banner at left maybe only text,(And some small pictures with the text) "Not picture with text, but text with pictures"
Its fine from Google. But from SEO, I will suggest to put banner either at right or bottom. Placement of text also effects your search engine ranking.
I dont think seo would be affected that much, but like try to put it as user friendly as possible. Put the search bar like on the same line as the heading to save space