I think the most interesting takeaway is that he was making $60 per 60,000 readers, or $0.001 CPV. Is that normal?
Edit: Math eluded me, it's $1CPM which as others have said is pretty low.
The average on sites I run is around $5CPM -- during times of big budget spends (normally toward the end of fiscal quarters) I see this go up quite a bit.
It might be due to the nature of the site though as its aimed a programmers.
My most profitable site is aimed at a pretty broad demographic (movie/entertainment blog)
Other more technical sites tend to do quite worse with CPM
The highest I have seen across other sites, some of which were made for adsense, was $3.43 RPM.
If I had some extra time I'd put some effort into selling ad space but as of right now my full time job takes up most of my time.