Google AdSense for Domains lets domain name owners set up AdSense links on a parked domain which if it receives traffic, will serve relevant ads to the domain name (or popular categories).
I have not tried AdSense for Domains myself, but after digging through some forum threads on the AdSense Outage the other day, I ran into a simple thread posted on Digital Point about AdSense for Domains called Anyone made any money using AdSense for Domains?.
In the thread, a publisher asks about making money using AdSense for Domains and if anyone is having success. A few webmasters and domain name owners have replied :
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