finalwebsites
Sure those blogger complain the drop if their customers for sponsored blogs buy a post only because the pagerank and not because the authority or the quality of the article ;)
sure Google can drop all PR's and everything is fine and in 50 year we tell our grand childs about the PR (long time ago)
yes right the PR is not important anymore because the SERPs are not related to PR. But having a high pagerank feels just better :)
Best thing is that Google will remove the PR from their servers and the toolbar
Story: How to find a paid link?
To decide if a link is related you need more than counting some features, on thing is sire using the nofollow relation or just a javascript snippet makes it neutral for the Google SERPs. Actually a bad thing, this way a lot of related link in blog posts are never recognized...
These Google guys having the wrong priotities! I know a lot of keywords where the quality of SERP's is really bad: There are often more than 5 from 10 results from products comparsion sites or ebay listings. If the visiitor is looking for information about some keyword he need to look very deep. I think a lot of these visitors are very happy if they find some informative page which is promoted with sponsored (paid) links
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Story: Lies, damn lies and PageRank statistics