yes I'd agree.
at the end of the day, it's just web-based email. however, you get lots of great features (and its free): over 2GB of space (this increases each day), 10MB attachment max size, search facility, good junk mail protection, free POP, great little notifier programs, etc.
targeted ads: no problem at all. I dont even notice them. I notice the untargeted ads on hotmail much more, they're far more intrusive. plus, hotmail has this huge bulky interface, that half the time never loads right anyway. gmail just works. it lets you read and send email. and its great.