I too agree with your opinion. Directories should provide value to the searchers. In the name of PageRank, most of the BIG directories like Alive and Aviva has lost importance.
Earlier Google used to give so much importance to squidoo lenses but now it has stopped that practice. But you cans till use SQUIDOO for link building purpose.
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Article Submission is considered to one of the best ways to get one way backlinks. You don't need to spend hundreds of dollars for this link building method.
Yes, Matt Cutts has confirmed that. You can check your site's Page Rank.
The green toolbar is updated once in 3-4 months. But internally, Google updates the PR on regular basis.
It may be due to several issues. Check whether your site is indexed or not. Get good quality backlinks from relevant sites. Definitely, Google will recognize your efforts.
If you are thinking of fully automatic article submissions, then do avoid it.
Opt only semi automatic and manual submissions. Have a variation in the articles to look natural.
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