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If youre talking about PR shown in the toolbar or on these SEO websites - nahhh - doesnt mean anything - its a nice little indicator of imaginary fun for webmasters
If youre referring to PR as the initials of Page Rank within the Google algorithm - which you cannot determine for your sites in any shape or form other than to guess - sure its the main basis of the entire algorithm for the search engine - but again there is no way of reliably telling what your page rank is.
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