Google Backlink Update / Google Directory Update: No PR Changes?

Backlinks are/have been updated but PageRank values for all sites have remained constant. Can this mean an end for PageRank as we know it? Or is this just a temporary thing? Google has updated its directory. Anyway, best of luck with the backlink update.Forum discussion:
SEO Chat
Search Engine Watch
WebmasterWorld
HighRankings
V7 Forums
IHelpYou
SitePoint
SEO Guy
DigitalPoint
ABAKUS
LilEngine

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