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drall - 2:42 pm on Nov 15, 2008 (gmt 0)
My best guess is that this is simply a change in how google reports site figures. Our page counts have been dropping by a couple thousand pages per week for a month and continues to drop. All rankings stable and some increases actually. 10 year old site, PR 7, around 1 million backlinks.
I have made several posts about this over the last month, we have been watching our site: command drop from 80,000 results to 20,000 results now and have actually seen our overall traffic increase.