**UPDATE**
Chris Garret redirected me to an interesting perspective by Ryan Caldwell in his article in Performancing.com entitled
Does Persistence Always Pay? What to do when a virtual economy is on the verge of collapse.

Thanks to Jenn of NakedPr for her in depth explanations concerning the questions I had yesterday. Jenn calls it “a few of the basics.” but I call it in-depth. So now I know what the big fuss is all about, I think. In a nutshell, Google does not take too kindly to people selling their rank juice to others so they will benefit from the juice.

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I don’t know how it works nor how is it calculated, but it so seems that if a high ranking blog links to you, your blog too, will get a higher page rank in the long run. That is what SEO gurus tells me and I believe them. Thus the obsession with every webmasters to have high ranking blogs linking to their sites. So much so that millions are willing to pay for those links and the higher your sites rank, the more you can charge for your links. Now, Mr. Google-stein does not like you doing business that way. It effects the way their Search Results shows up.
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Again, I don’t know how it works nor how it is calculated (the more I blog, the more I realize that I an ignorant about lots of things), but, the higher your blog is ranked, the deeper Google Search robots will dig into your Site when a certain keyword is being Searched. So a high ranking blog will get a lot of Search Juice which will in turn increase their Visitor Juice which will then increase the web master’s Income Juice. Boy, that sure is a lot of juices to think of. No wonder, Mr. Google-stein does not like that. Being juiced out like that, I mean. In fact, he despise it so much that there have been talks about abandoning the Ranking System altogether. A quote taken from what Matt Cutts said in his reply to some of the page ranking issues passed to him by forum members at the digitalpoint forum.

As far as the toolbar PageRank, I definitely wouldn’t expect to see it in the next few days. Probably not even in the next couple weeks, if I had to guess.

So what will happen if indeed Google does away with the Ranking System. Lots of websites is going to loose all their juice. That’s for sure. What then, will happen to all those sites that are links dependant? If there is no rank, then I take that there will be no double standards in Google’s Search Results anymore. If there is no ranking, then all those juicy back links will carry weight or juice no more. Everyone will get the same exposure and I don’t want to loose any more of my crowning glory trying to figure out how Google is going to decide who gets listed the first few pages of their Search Results.

However, little as I know, I see a very exploitable area to classify the prowess of Sites, most particularly for Blog Sites. That is through the number of feeds subscriptions. As it is, at present, most links are sold to Blog Sites as they give the most exposure. So if an Internet Marketeer is looking for exposure to his marketing site, the best bet is to place Ads in Blogs. Since there will be no more rank juice to increase their search juice, the best bet is to place links ads in blog that has a vast readership base and the best indication that a blog has a permanent readership base is their RSS subscription figure.

This should take care of problems. Google will be able to deliver, without prejudice, all relevant results, without fear of a juiced up site that has bought hundreds of links so they can have a high page rank in order to appear in the first page of the Search Results. Advertisers will have a chance to target their customers by placing Ads in Blogs that are most relevant to their products. Popular bloggers will have a field day with Advertisers. Feed Advertising will boom. Every blogger will come up with tips and tricks on how to increase feed subscriptions. Books will be written and sold. Feed tracking sites will be the order of the day and like the planet that we live on that comes a full circle every year, who owns the most influential feed tracking site that almost all bloggers uses to track their feeds? Why, Mr. Google-stein of course!

Related

Making of an Internet Millionaire.
High Ranking Blogs Don’t Like Adsense
What has Links got to do with Page Ranks?
The Page Rank Fiasco.
Google is Stirring Again!
Unleash Your Links
Ten Keywords That Guarantee You will Rank Number One In Google Serps.
Creating A Google SiteMap for your Wordpress Blog