Courtney stopped by to let me know about what appears to be a real PageRank update that is in progress, if there can ever be a real update again.
Many of the blogs highlighted in the update just a couple of days ago seem to have reverted to their previous position.
Now for anyone who might be thinking otherwise, there are still some obvious penalties on place for a few sites, but it is less obvious for the more vocal networks.
Some sites and networks still have a penalty, as do some sites.
Some of those penalties seem to be a carry over