I strictly do not use the "nofollow" attribute. I use an technique that does not pass
PR to an external site, but it is not the best semantical linking option.
For example look at this link:
http://www.seoworkers.com/locate/m/drupal
Now, I decided to replace this technique with microformats, which all SE began supporting them at a certain extent.
I am planning now to use the following:
For linking to relevant authority resources: rev="vote-for".
For linking to other resources: rev="vote-abstain".
For affiliate links: rev="vote-against".
I was using them last year and for a very long time, and I never experienced any problems.
Do you see any problems with this option?