I work in publishing for a niche trade title and I hear this a lot. In fact, I loathe ads too.
In the days of print, trade titles had a limited circulation. It was easier for them to get advertisers because the title was guaranteed to hit the desk of the CEO or CIO, which was the target for that particular advertiser. Now it's all about traffic and the competition online is far more intense.
Sadly AdBlock will not revolutionise the entire publishing industry. Instead it will hurt it. It is only going to put more pressure on sales guys to hit their targets which means more ads at vastly reduced prices. It will also cause online publishers to close, and put people out of work. The rest will resort to sensationalist journalism tactics and those terrible list type stories: "10 best diets for a flat tummy". It's either that or a paywall system like Murdoch is putting in place.
What is a 'more sustainable source of income' for online publishing?