tedster - 11:15 pm on Aug 8, 2006 (gmt 0)

Would google be concerned with the depth of the directory also?

Not explicitly, but the new googlebot crawling patterns seem to be attentive to the PR (or click depth) of a uri. If the pages in a deep directory don't get some direct links, or at least a click trail only one or two clicks long, then they may fall by the wayside -- at least this is what several people are observing.

However, the number of directories in the url, on its own, does not seem to be a factor.