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ronburk - 3:06 am on Dec 12, 2006 (gmt 0)
It is the largest (both by participant count and output) effort on the planet to create a list/description of websites that are not utter crap that has even a modicum of editorial rigor and participant vetting. No futher reasons are needed to make it a valuable addition to any SE ranking algorithm. Note that most of the value of ODP to Google is unaffected by all the valuable websites that are not (yet) listed there.
I don't find one logic reason for google to continue using ODP data in google directory.