So in six months or so, when you, me, and grandmom have a big linklist...
 

...how will Google adapt to crush all of our big dreams? Sweet Googlina doesn't want a million pages with the same content cluttering the first ten pages.

Can Google adapt? A "linklist" is pretty much just another word for of "a hub site AND an expert site."

So will you, me, and grandmom be fighting tweaky-tweaky SERPS wars? If that's the case, don't even bother.

A linklist launched tomorrow has a million linklists launched today to compete against.

Or will something new emerge?

adult.google.com

http://www.SomeRandomPornSite.com/?webmaster=Google

...and it's back to Mickey D's. :(

They will just come up with something else. They always seem to have something up their sleeve.

i build tgp, make lots o moneys!

when google begins penalizing for too many links on a page, that'll be trouble.

Absurd. What's too many links?

There are plenty of useful pages with tons of links, internal and external. That's not something to penalize.