Well, it’s finally been cleared up. No you can’t. Google policy team has laid down the law and it’s official, you are not allowed to place images lined up with your adsense in such a way as it may confuse a visitor. I would like to acknowledge
Mikes Blog for pointing this out

You can find all the details about placing images near your adsense ads at Googles Adsense Blog.

Thought I would do a quick mention of PHPfox product named Konsort which is a community CMS portal with many features including:

• Easy To Use Advanced Admin Panel
• Template Manager
• Instant Messenger
• Live Chat
• WYSIWYG Editor
• RSS Feeds
• SEO Urls and Title tags
• Advanced Profile Editor
• Advanced Search
• PayPal IPN Membership System
• vBulletin and FlashChat plugins
• Archive System for search bots
• Member Shoutbox

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The best way is to check it out, since you get a 30 day money back guarantee.

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