I guess that's a loaded question.  It depends.
In my personal experience, I've had success both ways.  However, I have noticed a bit higher CTR when I changed from ads from blended to a color that complemented the page's design, but stood out.
The page was mostly blues, so I chose a couple complementary reds for the ad design.  The CTR went up a little bit when I did this.  However, I'm not sure if that's really due to the color change or just more traffic.  Who knows?
I submit that a big problem with Adsense (and ads generally) is ad-blindness.  Users (especially regular readers) just become blind to ads over time.  Perhaps shifting colors after a while helped with that.  Maybe it would be a good idea to change colors (and ad locations) every couple months.  I'm not saying that we should shift things a lot, but just a bit to make people notice.
 
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