glengara - 8:47 am on May 12, 2006 (gmt 0)

*What we don’t know though is how search engines treat 3-way (AKA triangular) links.*

FWIW, I recently looked at a couple of sites that had been zapped by G, nothing particularly untoward struck me, but a common oddity was that while both had loads of obviously reciprocal links there was no sign of a links/resources/partners pages on either site.

With the present churn at G that may well just have been a coincidence, but.......