So it looks like Google is going to give webmasters a chance to negate links within Webmaster Tools, sooner or later. I'm assuming it's through Webmaster Tools that we'll be able to do the negating.
Great news? I think so. I'm not really one to worry about 'negative' links but I'm sure if I sift through the list of links for some of my websites I'm sure I'd like to get them ignored by Google.
So now what's going to happen? If a website is reported as a "bad link" from any one webmaster, what's the effect upon that website? In a way that's reporting a website as spam. Will Google discredit their rankings in the search results? Maybe if too many websites 'report' too many 'bad links' from certain websites, they'll start seeing the negative SEO effects on their websites too!
I'm thinking to some degree this is going to cause a stirring in the SEO world too - if I link to you and you don't "like" my site, what am I in for? This we need to know...