Well, at least Google things so:
Google readies banner offerings | CNET News.com: “Google’s program, called Site Targeting, is being introduced in test form on Monday, but will be rolled out to all advertisers in the next two weeks, Keane said. Advertisers will be able to target ads not only but Web site, but also by category, such as wine enthusiasts. Google will target ads by scanning Web pages for their content.”
The banner ad is back!