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Google's content network is a great way to turn on traffic to your website. You'll get a lot more eyeballs (impressions) on your ads versus advertising on the AdWords search network, simply because of there are so many publishers on the web who are monetizing their sites with Google AdSense.
But it's a jungle out there, and unless you are only buying space on a few specific sites (the content network lets you choose the sites by hand if you'd like), you need to keep an eye on where your ads are showing up.
Blocking your ads from showing on low-quality traffic sites like parked domains will help increase your CTR and stop you from wasting money on the content network.
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I'm an internet marketing consultant / geek living in Manhattan Beach, California. I also grill a mean steak. Have an online marketing question? Contact me.