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tedster - 2:11 am on Mar 11, 2012 (gmt 0)
Only for Adsense purposes, not for organic search. However, Google and Bing are both becoming quite sophisticated about digging out the important stuff.
In a pinch, you can publish the insignificant text on a separate URL and just iframe it wherever you want users to see it, but not have search engines apply any weight to the page where the iframe appears.