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Is there any space on your blog that is under utilized or what you would call "wasted space"? And, what do you plan to do with that area?
At the moment, I want to utilize the top banner space on my blog better, maybe even selling ad space, rather than using for Adsense. It's not wasted space, but it should be producing more income.
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The lower side of my blog is wasted and at the moment I am thinking of using that space to advertise more. Though, that is not a mak=jor concern to me for now.
I have noticed that the lower part of the web page is the most wasted space especially when the blog is short so as not to fill up the entire web page. That may be the reason why there is a standard length for blogs so as to maximize the use of the web page in terms of space.