I have found this site with an answer:
http://www.google.com/support/adplanner/bin/answer.py?hl=en&answer=98132
Google Ad Planner combines information
from a variety of sources, such as
aggregated Google search data, opt-in
anonymous Google Analytics data,
opt-in external consumer panel data,
and other third-party market research.
The data is aggregated over millions
of users and powered by computer
algorithms; it doesn't contain
personally-identifiable information.
In addition, Google Ad Planner only
shows results for sites that receive a
significant amount of traffic, and
enforces minimum thresholds for
inclusion in the tool. For more
information about how Google protects
privacy, please refer to our privacy
policy.