Matt Cutts is great. I read over his material alot and he is usually the one providing people like us the real insights into Google recent changes. Anyway, yes there are many factors that will influence Page Rank, however I believe the importance is still very high and not declining. This is why...
Well I guess you obviously are not too aware of the recent Google update and why the update was made. People where trying to build links using emd's, low quality links to manipulate their inbound links. Here is a quote from Google own page..
" The rank value indicates an importance of a...
Google Page Rank will determine the ranking position by giving it an importance score. Page Rank does matter and this is the main formula behind the Google search engine. The higher the page rank the more higher your ranking in the search engines.
Even though, you personally may not pay too...
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