It's certainly an option. It's easy enough to detect adblock, and send the user to a "Since you're not prepared to give us the benefit of the doubt that we'll show you a few useful unobtrusive adverts, please donate something or get lost" page, or otherwise degrade their experience.
For example, if the user has disabled javascript, sites should degrade gracefully. Likewise, if the user has disabled common forms of advertising, it'd be good for the website to disable any features that cost them a lot of money to run. Say it's a photo sharing site, give adblock users lower limits or something.
Adblock usage is a very small minority though, so unless you're a massive site (And want the very vocal minority to moan about how they should be free to leech all the content they want without giving anything back), probably not worth it.
Using adblock actually makes things worse for everyone. If you don't use adblock, and a site abuses your trust by doing popup ads, garish flash ads, then don't go there again. Stick by those principles. If everyone did that, then websites with intrusive stupid adverts would die off. By using adblock, you're rewarding those practices, but since you're never going to click on anything, the webmasters will likely make their ads more intrusive and garish to try and increase their CPM.