Msg#: 4346912 posted 8:59 am on Aug 3, 2011 (gmt 0)
i think its the opposite - google are devaluing links that aren't nofollowed, wiping out a lot of your backlink profile. if panda decides that a site is low-quality, then it makes sense that they will devalue their links too. if you have some of those pointing at you then you wont see as much benefit.
the reason i think big sites like amazon and ebay aren't suffering is because their backlink profiles are so huge that they can take the hit better than the smaller sites.