Caffeine will help Google to index your websites faster, and this is important because as you know there are many websites and it is hard to Google to index them fast.
Caffeine is not live yet but it should be before the end of this summer.
It may be premature to conclude that but it shouldn't have alter your SEO strategy in a major way. Caffeine is basically a change in infrastructure or architecture or process than a change in ranking algorithms.
It may have some implications for local search and social networking links. I haven't had time to figure that out yet.
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