First off, that's a spam blog. It's just post after post after post of affiliate links. So in addition to the loads of ads on the sides, the main content of the blog is advertising.
Secondly, I don't know what you mean by "very specific targeted ads". That site clearly has a single demographic (young asian women), and all the ads are naturally targeted to that demographic. Pretty much any ad network allows you to do that. They're using DoubleClick, but this is standard stuff.
And regardless of whether the ads are static or not, they're not all that targeted beyond what AdSense or any other ad network might give you. Every single page basically just has ads for beauty products and designer clothing. It doesn't take a genius to find a set of 20-30 affiliate/PPC ads for beauty products and designer clothing and include them on every page. It's not like each blog post has distinct content with ads specific to that post only.