I have been receiving emails and comments today about yet another PageRank downturn for multiple sites.
Andrew Ooi has compiled a short list of Malaysian sites, many were previously as much as a PR5 previously, and currently show a PageRank of zero (a white bar)
Examples include:-
Colleen's Simple Kind of Life and 5xmom
The numbers seem to be stable across multiple data centers
There doesn't seen to be any change in prominent Search Marketing sites such as Search Engine Round Table and Search Engine Journal, and other popular bloggers such as Emom and Yaro still seem to

Wrong Reaction From Techcrunch On Paid Links?
I think this is one possibly for the water cooler on Sphinn, because I find it comical in a sad kind of way.
Ted Murphy rightly questions Google quite openly to explain why PPP bloggers are being punished for not using nofollow on links, yet many prominent bloggers post quite blatant pagerank passing links to their advertisers every chance they get.
Not only do they mention their advertisers in "Thanks To Our Advertisers" posts, but they also name drop them every chance they get as a form of disclosure.
As an example, almost every time PayPerPost was discussed, either Text Link Ads