I would NOT recommend it.
Ok, for instance... you're recommending a "dog training" product from CLickbank.
Suddenly, one of your Adsense ads happen to be an affiliate promoting the same shit.
You have just sacrificed a potential earning of $10-$40 over a $0.10-$1.00 profit.
There are 2 solutions:
Filter your competitors in your adsense account settings.
Separate your "money making methods". e.g: Adsense with Autoblog; Review Site with CB products with NO adsense.
But in the end, without a doubt, if the visitors are just kids clicking on the Adsense ads, you win... but if it's a person with a credit card, then you've just lost a huge commission.