Quote:
Originally Posted by madawgz
will good penalize your rankings?
if so, how far will they drop?
and how long will it take to regain your previous positions? 
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i had something happen similar.. my hardlink trades script that manages all links on all my sites didnt work anymore after a php upgrade. Noticed it after 3-4 days. Fixed it, but because the hard links were gone for 3-4 days many sites removed my link too. Downtime for 3-4 days would have the same effect: Sites with for example linkex will remove your link when their link is gone for such a period of time.
Didnt have alot of effect on the SERPS of the majority of my sites, but one site with alot of backlinks dropped to nowhere in google for EXACTLY a month - after the month it returned instantly to the original position like nothing had happened.