Google Updates PR: Is This Still Meaningful?

[seoamo]

It used to be like this: when Google conducted an update of their search-related services (PageRank, backlinks, or SERPs), everyone who followed the search industry would rush to the first forum they could find to post how the update affected them. There was normally a great deal of excitement mixed with stark disappointment (for those who lost ground).
For details:http://www.seoamo.com/node/409
Source: http://www.webpronews.com/insiderreport ... ngful.html