decaff - 10:07 pm on Dec 22, 2006 (gmt 0)

Did you follow this to the letter:

1. Login to webmaster tools
2. select your verified site
3. and choose Page analysis from the Statistics tab.
3a. Click on the Statistics tab and find the Page analysis link...click on this and then you will find:
4. Here, under Common words in your site's content we list the phrases detected from your site's content in order of prevalence

There are two columns:
=> The left one lists the "Common Words" "in your site's content"
=> The right one lists the anchor text from inbound links to your site

Pretty helpful to see the most commons words that googlebot picks and compare these to the most popular inbound link anchor text phrases...