Quote:
Originally Posted by mjtaylor
I appreciate your difference of opinion, but I have seen sites dropped from DMOZ because of broken links and similar quality issues.
And I have cleaned up inherited sites with broken links (more than one or two) and seen them improve in SERPs with no other changes.
You're in a perfect position to test it then ... fix your broken links and see if your position improves. I'm sure I can't imagine why those broken links are still there when you know about them. 
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Good call, I just thought about that. The amount of work it will take to complete this task in one shot overwhelms other responsibilities - I'm on it!
I actually believe as well that our site's sers will increase but I don't think we're penalized.