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Whilst Google may be on a penalizing run at present, they are not the only search engine, and directories still hold much weight for Yahoo and MSN listings. Google will either eventually punish every directory as they want the monopoly on selling links through their own paid systems by removing as much influence as they possibly can from the web to influence their free rankings, instead they want paid advertisers, not free rankings. Yahoo and MSN are the same, they just aren't as smart as Google just yet to achieve this.
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Well, following the threads on DP,
PR drops are down across the board. Matt Cutts confirmed that it's Google's campaign against paid links.
But as of now, the only thing changed is the visible green pixels, which people use to decide their so called link prices.
The rankings etc are exactly the same as they were before.
I guess the next logical step Google could take is to start tinkering with rankings but I think it was search engine journal or seroundtable (the thread is at the directories section at DP, titlted Matt Cutts confirmed update), they flatly said, that 'nofollow means no trust' meaning that they are not going to use it.
So i guess just wait n see.