Welcome to the Q&A Forum

makes sense, thanks again for your replies and for taking the time, much appreciated!

I agree. I have seen posts on SEOmoz and elsewhere throughout the SEO community that others are noticing drops in PR with no impact on traffic. I am not seeing a noticeable drop in traffic so the PR isn't concerning me too much but I am curious. Have you noticed anything like this post Panda and do you think the panda update has any impact on the PR directly (I see how it would with poor content --> harder link building)? Again, I appreciate the feedback!