That's not true. If I'm forced to see ads they might as well be personalized. Hell, sometimes (rarely, I'll admit) I even find some things that interest me, like new products or services. Personalized ads work, there is no way around it.
What irks me about these complaints is not complaining about ads, we all know they are annoying, but the faux moral high horse people, especially in this supposedly ultra rational community, put themselves on. I mean, it's not like you are begging to be paying a subscription to get rid of ads. For most sites you are still going to be browsing there with your adblocker even if the "legal" opportunity to get rid of ads is offered. If the ads weren't personalized you would complain about how irrelevant they are or something in that vain. You are not avoiding websites that display ads you find annoying you just block them. So please, stop with the moral high ground. You block ads because you can and because it's easy and, on the face of it, harmless.
Yes, the data gathering can be abused, like anything, really.