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Yeah, Penguin 2.1 was confirmed. We're not clear if there are data updates outside of the official updates or not - Google hasn't been very forthcoming on that. I have heard of recoveries since 2.0, though. In general, recovery stories are very limited. Penguin is brutal, and the people I know who have been successful have had to make deep cuts. Also, keep in mind that, if you cut deep but it's not the right cuts, that may not work either. It's a difficult road, and it depends a lot on the depth of the problem and whether the site has enough good links and a solid enough base for Google to take the link removals seriously.

Maybe I dont understand what you are saying, but the pagerank calculator really supports my question. It is treating every OBL on the page equally as it tries to work out where the rank (or whatever) flows to within the linked structure. Yet, greater than 98 out of 100 SEOs will gladly state that a link from within the content of a page is more valuable than a footer, header, menu etc... types of links. It still makes me think that there might be say X value to be obtained from links off a page, but the current links may only be extracting 75% of X. Hence value from links of a page may be being lost.

Well, I have to say that I am surprised by that video, although not quite what I was thinking. I was probably more thinking of changing internal structure to push the more important parts of the site along better.

Thanks article is good read.