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Google says no. And there is some truth to it. On a basic level, inclusion of adsense ads makes no difference. But, depending upon the way a bot indexes the page, it make index the ads. What does this mean? It means that if it indexes the text and link in an Adsense ad, and it does that alot more often than it does other ads, then your PR can be improved if someone searches for something in the ad. For example, if I run a dvd site, and a google ad for dvd burners gets indexed, my site might come up in a search for dvd burners, especially if I already had a good PR.
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