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I think xlogger is a sexy beast... as for PR and Google. I have found that PR really doesn't mean as much as it used too... I get a shitload of traffic to sites with ZERO to 2 PR and have no problems generating more without it.
I have found that if I spend less time worrying about PR and more actually making shit, I make a ton of more money.
Now, as for less links and spreading them around and shit? I have to agree with xlogger. I did some testing and found the same results.
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