The Template is Designed by BloggerStop.Net and it is inspired by the work of Hot Orange T.
*Update: I just came to know that this template is listed at Mashable's Top 12 Stunning WordPress Themes
To show the "Advertise Here" 125x125 ad-spots, read this post: Add 125x125 ad-spots to Blogger.
Instructions: How to change Blogger Templates
If you want to improve it further, and make it more search engine friendly, then see these blogger tips and tricks