I run a community web site, and we have enjoyed a page rank of 6 for several years. In the past few months, Google has dropped it to a 3, and I became concerned.
However, it hasn't affected the number of people that actually come to the site at all, and it hasn't affected our search results either.

For instance, the site I'm talking about is Daffodil Valley Times - A community Web site for Tacoma, Seattle, and Western Washington..
The page rank has dropped to 3 (it was PR6 in January), but we are still top of the results for:
tacoma online calendar, tacoma webcams, mt st helens, and many other keywords.
We get up to 800 visits a day (and it's actually gone up in the past couple of months).

So it's brought up the question in my mind: How important is Google page ranking really?

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